@OmarGB9 wrote:
@fury1995 wrote:
@pizza1 wrote:Like seriously...Synch, get it together. They use to not be like this a few years back. I mean you'd hear of it occasionally, but now its like everytime I have a balance of any kind mid-cycle, they report it. I literally can have a balance of $4.00 on one day, and they report that, and then I make a payment 2 days later, and nothing. No update.
All this in the same cycle BEFORE the statement cuts. Its so infuriating. Maybe I need to start making my payments (have a negative balance), then a charge. My love/hate relationship continues with them...Love my CL's...hate their mid-cycle reporting.
Similar but different problem with Sync for me.. pending charges sitting for days and I can't make a payment against them. I just had two pending charges sit for 5 days and post the exact same time as the statement posted. I couldn't make a payment to the account because there was "no current balance" and "no statement balance" to pay. FRUSTRATING
Push a payment externally from your main checking account using the billpay feature in the exact amount of your pending charges.
You need to be aware of how the lender or account handles overages. Some may let it sit in the negative for a bit while others may immediately refund the amount in the form of a check. That's after you figure out if they'll even allow it. Cap1, for example, will only allow you to overpay your balance by 10%, so you wouldn't be able to prepay a pending charge. If you try, they will issue a refund for the overage as a paper check.
@Brian_Earl_Spilner wrote:
@OmarGB9 wrote:
@fury1995 wrote:
@pizza1 wrote:Like seriously...Synch, get it together. They use to not be like this a few years back. I mean you'd hear of it occasionally, but now its like everytime I have a balance of any kind mid-cycle, they report it. I literally can have a balance of $4.00 on one day, and they report that, and then I make a payment 2 days later, and nothing. No update.
All this in the same cycle BEFORE the statement cuts. Its so infuriating. Maybe I need to start making my payments (have a negative balance), then a charge. My love/hate relationship continues with them...Love my CL's...hate their mid-cycle reporting.
Similar but different problem with Sync for me.. pending charges sitting for days and I can't make a payment against them. I just had two pending charges sit for 5 days and post the exact same time as the statement posted. I couldn't make a payment to the account because there was "no current balance" and "no statement balance" to pay. FRUSTRATING
Push a payment externally from your main checking account using the billpay feature in the exact amount of your pending charges.
You need to be aware of how the lender or account handles overages. Some may let it sit in the negative for a bit while others may immediately refund the amount in the form of a check. That's after you figure out if they'll even allow it. Cap1, for example, will only allow you to overpay your balance by 10%, so you wouldn't be able to prepay a pending charge. If you try, they will issue a refund for the overage as a paper check.
If you go through the lender's own payment page and "pull" a payment, yes. But if you "push" a payment from an external bank account, they won't not accept it. Sure your balance may go negative for a bit, but once those pending charges they won't let you pay in advance post, the balance should all zero out, assuming your pushed payment equals the sum of all the pending charges.
@markhs777 wrote:
@SouthJamaica wrote:
@markhs777 wrote:Forgive me for any naivety but how does it affect anyone in a negative way if a small balance reports on a credit report?
For scoring, it's preferable to have a majority of one's revolving accounts reporting zero balances.
Absolutely but I would just wait until the next cycle with 0 balance if one believes that balance would actually trigger a bad result. If a single digit balance may result in a decline I believe there are other issues involved.
Some people prefer to keep their scores at their best at all times. It's not really about a decline or better rate. Personally, I feel the micromanaging of credit is more work than it's worth. If I know I'm going to make a large purchase then I know well enough in advance that I can get my scores where I need them to be by that loan date.
@OmarGB9 wrote:
@Brian_Earl_Spilner wrote:
@OmarGB9 wrote:
@fury1995 wrote:
@pizza1 wrote:Like seriously...Synch, get it together. They use to not be like this a few years back. I mean you'd hear of it occasionally, but now its like everytime I have a balance of any kind mid-cycle, they report it. I literally can have a balance of $4.00 on one day, and they report that, and then I make a payment 2 days later, and nothing. No update.
All this in the same cycle BEFORE the statement cuts. Its so infuriating. Maybe I need to start making my payments (have a negative balance), then a charge. My love/hate relationship continues with them...Love my CL's...hate their mid-cycle reporting.
Similar but different problem with Sync for me.. pending charges sitting for days and I can't make a payment against them. I just had two pending charges sit for 5 days and post the exact same time as the statement posted. I couldn't make a payment to the account because there was "no current balance" and "no statement balance" to pay. FRUSTRATING
Push a payment externally from your main checking account using the billpay feature in the exact amount of your pending charges.
You need to be aware of how the lender or account handles overages. Some may let it sit in the negative for a bit while others may immediately refund the amount in the form of a check. That's after you figure out if they'll even allow it. Cap1, for example, will only allow you to overpay your balance by 10%, so you wouldn't be able to prepay a pending charge. If you try, they will issue a refund for the overage as a paper check.
If you go through the lender's own payment page and "pull" a payment, yes. But if you "push" a payment from an external bank account, they won't not accept it. Sure your balance may go negative for a bit, but once those pending charges they won't let you pay in advance post, the balance should all zero out, assuming your pushed payment equals the sum of all the pending charges.
Of course they'll accept a pushed payment, but if the charge is pending, there's nothing to zero it out. So cap1 will deduct the overage and issue the refund. A pending charge is a pending charge. Until the charge clears, it's just a hold that can be cancelled. If you preorder a video game at best buy a pending charge shows up, but it will never clear because there wasn't a purchase. As far as cap1 is concerned, until the charge clears, you don't owe anything.
@markhs777 wrote:
@SouthJamaica wrote:
@markhs777 wrote:Forgive me for any naivety but how does it affect anyone in a negative way if a small balance reports on a credit report?
For scoring, it's preferable to have a majority of one's revolving accounts reporting zero balances.
Absolutely but I would just wait until the next cycle with 0 balance if one believes that balance would actually trigger a bad result. If a single digit balance may result in a decline I believe there are other issues involved.
Single digit does not cause decline.
All zero's causes a temporary decline.
@Brian_Earl_Spilner wrote:
@OmarGB9 wrote:
@Brian_Earl_Spilner wrote:
@OmarGB9 wrote:
@fury1995 wrote:
@pizza1 wrote:Like seriously...Synch, get it together. They use to not be like this a few years back. I mean you'd hear of it occasionally, but now its like everytime I have a balance of any kind mid-cycle, they report it. I literally can have a balance of $4.00 on one day, and they report that, and then I make a payment 2 days later, and nothing. No update.
All this in the same cycle BEFORE the statement cuts. Its so infuriating. Maybe I need to start making my payments (have a negative balance), then a charge. My love/hate relationship continues with them...Love my CL's...hate their mid-cycle reporting.
Similar but different problem with Sync for me.. pending charges sitting for days and I can't make a payment against them. I just had two pending charges sit for 5 days and post the exact same time as the statement posted. I couldn't make a payment to the account because there was "no current balance" and "no statement balance" to pay. FRUSTRATING
Push a payment externally from your main checking account using the billpay feature in the exact amount of your pending charges.
You need to be aware of how the lender or account handles overages. Some may let it sit in the negative for a bit while others may immediately refund the amount in the form of a check. That's after you figure out if they'll even allow it. Cap1, for example, will only allow you to overpay your balance by 10%, so you wouldn't be able to prepay a pending charge. If you try, they will issue a refund for the overage as a paper check.
If you go through the lender's own payment page and "pull" a payment, yes. But if you "push" a payment from an external bank account, they won't not accept it. Sure your balance may go negative for a bit, but once those pending charges they won't let you pay in advance post, the balance should all zero out, assuming your pushed payment equals the sum of all the pending charges.
Of course they'll accept a pushed payment, but if the charge is pending, there's nothing to zero it out. So cap1 will deduct the overage and issue the refund. A pending charge is a pending charge. Until the charge clears, it's just a hold that can be cancelled. If you preorder a video game at best buy a pending charge shows up, but it will never clear because there wasn't a purchase. As far as cap1 is concerned, until the charge clears, you don't owe anything.
Although Cap One isn't the bank in question, I will say that I've pushed a payment to Cap One when I was trying to zero out my balance because I had a couple of pending charges that hadn't posted yet, and I had a credit temporarily until the charges did post, but they definitely didn't cut a check for the credit in the short amount of time my balance was negative (~a week or so).
I've found with Cap 1 that if I'm doing it on a card that reported a balance on the last statement I can pull a payment up to 10% over, but if I try and pay pending charges on a card that had no balance reported the last statement you can't pull a payment over the amount of posted charges. I don't push payments normally and am generally AZEO, but I guess I would do a push if something came up and it was absolutely necessary to retain AZEO in order to keep the sky from falling (unlikely in most cases to be that critical).
I had the same issue but after the first 3 statements they stopped off cycle reporting for me
