Whenever your statement cuts, that's when the lender pushes your balance vs. CL to each respective CRA. I would look on each card to see when the statement cuts (it cuts every 30 days so look for when your new cycle starts). Also, I would suggest as something to keep in mind - I would note each card's statement cycle so that you can either PIF before that or pay balances down so that it reports as low as possible, also, AZEO is another method to use, as always YMMW with AZEO if your looking to maximize your scores.
And just to add to the converation, there are some lenders that specifically report on a particular date that may or may not be your statement date. US Bank comes to mind, as my balance is always reported on the last day of the month. The exceptions are rare, though, and almost all lenders will report the balance on your statement date. Another exception is that any time you pay a Chase account to $0 (including any new charges since your last statement) it will be reported as $0 every time.
@Anonymous wrote:Hi,
Does anyone know when each month (15th of the month, 30th?) your revolving available credit on a credit card is reported to be used in recalculating your credit score for the next month? Is it the same date for every credit card provider or different? Thanks in advance.
1. It's usually the statement balance that is reported.
@2. As @K-in-Boston correctly points out, there are scattered exceptions.
