Cap one (or others) and how they report to the CRA’s?

[SRT4kid93]

If I am correct, the law around issuers reporting to the CRA's is basically non existent, meaning there is nothing forcing issuers to report to them at all. 

of course, they all do cause that is the entire point of a credit card. But, it does leave the door wide open for how long an issuer can take to report once your statement closes. 

I have heard pretty bad things about capital one and their reporting practices. Most of the stories go something like this 

"if I have a large balance owed they report right away, if I don't owe much, They take forever. I have even read stories in which capital one did not report anything to any of the CRA's  for 2 straight months.

report your experience please, how long do they normally take after your statement closes?

if you have stories about how other issuers are with their reporting practices, feel free to post as well, just make sure you let everyone know which company you are talking about (chase, Amex, etc)

[JoeRockhead]

There is no law that requires them to report, just as there's no law that states they have to charge off a delinquent account. Only that what they report is accurate is regulated. What else should be considered is the usage with each of the bureaus, and their own particular updating timelines. 

I've never had an issue with delayed reporting of statement balances with any of the bureaus for credit cards (loans yes), (including Cap One) with the exception of the reporting of new CC accounts... just been my experience.

[Yoshi1981]

Honestly, reporting has been 100% consistent for me with both cards since 2021. Statements close on the 10th and 17th, balances reported on the 12th and 19th. The lag issue I've encountered is with the bureaus, EX in particular. TU and EQ seem to update immediately. EX takes 4-5 additional days for whatever reason. 

I have a list of Capital One annoyances but this isn't one of them. 

[SRT4kid93]

@Yoshi1981 

interesting,

 Exp is always the fastest by a lot for me, then Equifax, then TU lacks behind both of them.

My current experience is with credit one, statement closes on the 8th, and by the 9th-10th exp updates, a day or so after that eq updates, then TU can sometimes take almost a week. (This month- statement cut on the 8th, Exp updated 9th, Equifax updated on the 10th. But tu didn't update until 9/15)

[Kforce]

If a tree falls in a forest and no one is around to hear it, does it make a sound?

just like:

When does an issuer report to the CRA if you don't check?

I don't check, solves the problem     

[Jnbmom]

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@Kforce wrote:

If a tree falls in a forest and no one is around to hear it, does it make a sound?

just like:

When does an issuer report to the CRA if you don't check?

I don't check, solves the problem     

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Same here I don't bother looking . I never had issues with any creditors not reporting , some report quicker then others but I don't really look or care . 

[Tdatb64]

All my cards but one, including both my Cap1 cards, report within days, the sole exception being my Synchrony Amazon Store Card which will generally report the previous month's data about 2 weeks after this month's payment. Equifax seems to be the slowpoke bureau for me, with Experian & Transunion trading-off on 1st/2nd.

[MissLiz]

I use Credit Karma to see changes on my TU and EQ because they pick up on them super fast. Sometimes those changes don't appear on myFICO until a day later. I use my Experian app to see changes on EX to my report and that also updates quickly. Sometimes it takes up to two weeks for those EX changes to appear on myFICO. 

[Anonymous]

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@Kforce wrote:

If a tree falls in a forest and no one is around to hear it, does it make a sound?

When does an issuer report to the CRA if you don't check?

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There is no tree.

[UncleB]

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@SRT4kid93 wrote:

If I am correct, the law around issuers reporting to the CRA's is basically non existent, meaning there is nothing forcing issuers to report to them at all. 

of course, they all do cause that is the entire point of a credit card. But, it does leave the door wide open for how long an issuer can take to report once your statement closes. 

I have heard pretty bad things about capital one and their reporting practices. Most of the stories go something like this 

"if I have a large balance owed they report right away, if I don't owe much, They take forever. I have even read stories in which capital one did not report anything to any of the CRA's  for 2 straight months.

report your experience please, how long do they normally take after your statement closes?

if you have stories about how other issuers are with their reporting practices, feel free to post as well, just make sure you let everyone know which company you are talking about (chase, Amex, etc)

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Capital One has always reported as expected for me, and I don't recall this being an issue for others around here. 

Possibly you're thinking of Synchrony?  It's well-known that they can/will report off-cycle at times.