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Balance reported twice

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babbles
Established Contributor

Balance reported twice

so my USAA credit card cycle ended 3 Nov and they reported a $16 balance and then I made a couple of purchases that totaled about $850, I always pay off the balance monthly anyway but then I notiiced two purchases attempt at Amazon and reported the card stolen to USAA, they in turn sent a new card but reported a second time to the credit bureaus this month only since Wednesday and my utlilization went up from 0% to 6%

 

didn't get a chance to call today but i will tomorrow but is that normally what lenders do, report twice to the credit bureaus when a card is stolen???

Message 1 of 9
8 REPLIES 8
SouthJamaica
Mega Contributor

Re: Balance reported twice


@babbles wrote:

so my USAA credit card cycle ended 3 Nov and they reported a $16 balance and then I made a couple of purchases that totaled about $850, I always pay off the balance monthly anyway but then I notiiced two purchases attempt at Amazon and reported the card stolen to USAA, they in turn sent a new card but reported a second time to the credit bureaus this month only since Wednesday and my utlilization went up from 0% to 6%

 

didn't get a chance to call today but i will tomorrow but is that normally what lenders do, report twice to the credit bureaus when a card is stolen???


Often.


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 703 TU 704 EX 687

Message 2 of 9
babbles
Established Contributor

Re: Balance reported twice

i paid the whole balance off, I suppose they wouldn't consider  re- re-reporting a $0 balance

Message 3 of 9
SouthJamaica
Mega Contributor

Re: Balance reported twice


@babbles wrote:

i paid the whole balance off, I suppose they wouldn't consider  re- re-reporting a $0 balance


I doubt it.


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 703 TU 704 EX 687

Message 4 of 9
SMLAZARUS
New Member

Re: Balance reported twice


Same exact thing happened to me this month with Capital One. It seems a chargeback prompts a balance update no matter the time of month. My score dropped 20 points because of it. 

Message 5 of 9
babbles
Established Contributor

Re: Balance reported twice

this is kind of confusing,  the negative impacts were released to my fiiles within a day or two of the event but at statement closing date of 31 October on my installments loans with USAA (one installment loan decreased  by more than 1k) it hasn't been released to my files as of yet, USAA reports and info is "always" released within a day or two to my files (why the delay now?)

 

it's like some algorithim is in place that controls your score going up too much at a time Smiley Happy

 

 

 

 

Message 6 of 9
Jnbmom
Credit Mentor

Re: Balance reported twice


@SouthJamaica wrote:

@babbles wrote:

i paid the whole balance off, I suppose they wouldn't consider  re- re-reporting a $0 balance


I doubt it.


Why would they? You reported your card lost/stolen so they issued a new card which triggered them reporting . Unless you are trying to get a mortgage or something not sure why this is such a concern . Your next statement closing they will report .

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Message 7 of 9
babbles
Established Contributor

Re: Balance reported twice

it's a concern because I am at a important personal milestone; 2-3 points from a perfect score if that satisfies your concern

Message 8 of 9
Jnbmom
Credit Mentor

Re: Balance reported twice


@babbles wrote:

it's a concern because I am at a important personal milestone; 2-3 points from a perfect score if that satisfies your concern


No concerns on my part . Well you just might have to wait a little longer .

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Message 9 of 9
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