Billing Date and Statement Date

alisadarrick · ‎11-01-2015

Hello - So can someone confirm I understand this right? There is a payment date when your bill is due and then there is a statement date. Whatever the balance on your accounts is at the statement date is what gets reported to the credit bureaus?

THanks.

BK7 Meeting of Creditors 12/14 Discharged 2/15
EQ 630
EX 631
TU 653

EW800 · ‎11-01-2015

I believe in most cases, that is correct - whatever the statement amount is, is reported to the credit bureaus. There are exceptions. In my case at least, US Bank reports whatever the balance is on about the 30th of each month, although my statement cuts on the 12th.

I am sure others can advise what other banking institutions may be an exception as well.

Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
Sept 2024: EX8: 847; EQ8: 850; TU8: 848 -- Middle Mortgage Score: 821
In My Wallet: Discover $73.7K; Cap1 Venture $51.7K; Amex ED $38K; Amex Optima $2.5K; Amex Delta Gold $18K; Citi Costco $24.5K; Cap1 Plat $8.4K; Barclay $7K; Chase Amazon $6K; BoA Plat $21.6K; Citi TY Pref $22K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $300K+
My UTIL: Less than 1% - Only allow about $20 a month to report, on one account. .

Anonymous · ‎11-01-2015

DCU reports on the 30th but statement is technically on the 20th or 21st. Discover I noticed reports a day before statement on the 9th but they report the statement balance for me anyway. Went from $58 to $1200 the next day.

takeshi74 · ‎11-02-2015

@alisadarrick wrote:
There is a payment date when your bill is due and then there is a statement date. Whatever the balance on your accounts is at the statement date is what gets reported to the credit bureaus?

If the account reports on statement date, yes. The payment due date is irrelevant as far as the reported balance is concerned since the balance has already been reported.