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HSBC reporting?

Regular Contributor

Re: HSBC reporting?

RE: danlaxx1 "How do you know when they reported and why is it important?"


The update was important for me because Orchard was reporting a balance of $1898 on a credit limit of $2000 as of 02/2010. After the update, my current balance of $78 is being report which brings my overall utilization down to 2%.

Current Scores (as of 04/22/13): EQ FICO=795; TU FICO =766; EX =763

BankAmericard Cash Rewards ($20,000) | Amex Platinum (NPSL) | Amex Clear ($20,000) | Amex Blue Cash ($2,500) | Chase Freedom ($11,000) | PenFed Platinum Cash Rewards ($5,000) | Barclaycard Apple ($5,000) | Discover More ($6,500) | BankAmericard Cash Rewards [Authorized User] ($15,000)
Message 11 of 17
Regular Contributor

Re: HSBC reporting?

I wonder why they skip.  Error or do you think it saves them money?

*Bought 1st Home on 7/11/07 thanks to myFICO Forums*

4/2013 - FICO: 685
Payment History: Great
Amt of Debt: Not Good
Length: Good
Amt of New Credit: Good

Goal for 2013: Pay down debt! Cross fingers housing market turns around so I can move further south!

Message 12 of 17
Regular Contributor

Re: HSBC reporting?

I've seen a few cards lag a month or three, particularly when the balance is completely paid off. Generates more business for Myfico but I think it's just laziness on the part of the CCC.

Message 13 of 17

Re: HSBC reporting?

fico reporting date is btwn 10th-15th and the use the last day of the month balance.

Message 14 of 17
Valued Member

Re: HSBC reporting?

Looks like HSBC hard inq-ed me on 5-14.  Anyone know why they would do this?  ARGH!  Can I get it removed?

Message 15 of 17
Frequent Contributor

Re: HSBC reporting?

My balance was updated after a 2 month delay by simply doing an online dispute with the CRAs and stating that they verfiy balance and account info.  It was updated 2 days after I filed the dispute online..... It worked very well!!!!

Fico:EQ 689 (1/8/17) EX 692 (2/8/17) TU 692 (1/8/17
C1 Venture One $10,000 / C1 Quicksilver Visa Sig $10,000 / C1 Quicksilver WMC $10,000 / Penfed Plat Rewards Visa Sig $9,500 / Penfed Power Cash Rewards Visa Sig $10,000 / Logix FCU Plat MC $12,000 / SDCCU Plat Visa $2,500 / Barclays Rewards MC $1500 / Best Buy Visa $2000 / Chase Amazon Prime Visa Sig $500 / Consumers Credit Union Plat Visa $2500 / Sams Club Store Card $437 / JCPenney $1,800, Fort Knox CU Plat Visa $5,000 / Lowes $7,000 / HSN Card $3,000 / Walmart Card $2,000 / Macys $800 / Target Red Card $800
Message 16 of 17
Frequent Contributor

Re: HSBC reporting?

Just checked my credit report and HSBC has updated my account to April, 2010.


I suspect they do lag behind a month.


Same thing with my American Express Card. They have been updating around the first of the month

and I have a closing date on the 24 of the month. My account has updated in May already.


My problem with HSBC is getting them to provide me with a true closing date. I sent a secure message

and was told to contact a CSR which I did. Was informed closing date would be the 17th of May. Tried

to check out my balance on the 18th and nothing was updated, called CSR and again was told my closing

date was the 17th. Received an e-mail on Saturday from HSBC that my statement was available on line.

Checked out my account and my closing date was the 18th.  Seems one can't win. 


Not too concerned, just curious as to what their problems may be with providing correct information.

Message 17 of 17