Anyone know when BECU reports?

MoneyBurns · ‎02-08-2021

I just got notice that my check was delivered to BECU for my 8.6k BT.

Does BECU immediately report $0 balances? Cause I want my debt to income to be clean before I poke the AOD unicorn.

My Current Active Credit Cards

Wells Fargo Propel American Express $2,500

Bank of America Cash Rewards World Mastercard $5,900

chiefone4u · ‎02-08-2021

@MoneyBurns wrote:
I just got notice that my check was delivered to BECU for my 8.6k BT.

Does BECU immediately report $0 balances? Cause I want my debt to income to be clean before I poke the AOD unicorn.

A check of that size might take time to process.

My credit card typically reports the day after the new statement cuts, my auto loan reports the last day of the month.

I would imagine, a credit card will report like normal even after payoff; while a loan could potentially report once the check clears.

Keep an eye on CreditKarma or Experian, they both should trigger an alert when the account reports $Zero balance.

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Remedios · ‎02-08-2021

@MoneyBurns wrote:
I just got notice that my check was delivered to BECU for my 8.6k BT.

Does BECU immediately report $0 balances? Cause I want my debt to income to be clean before I poke the AOD unicorn.

BECU will report on statement closing date. They do not report $0.00 balance, that's specific to Chase.