Credit One bank not reporting payments

[Aloy]

Hi. This is my first time here so if I am not in the right place just direct me to it. i got a credit one bank card in October and i activated it on the 19th. I finally started using it about a week later and when i did i saw that i had a 100 balance on it. I didnt know they charge you 75 when you activate it and I used 25 for gas. I believe it was the next day after getting gas that I realized I had the 100 balance. I paid it off quickly. My balance was then 0. But on my credit karma account my balance was still 100 and since credit one reports to all 3 CB it caused my Equifax score to drop when my scores finally updated. I since than used 43 dollars to buy food and other stuff and I was hoping when CreditOne reports again that the balance would be corrected and both my scores would go up. But it didn't. My real balance is 43 but credit karma is still showing 100. Both transuion and Equifax scores with up yesterday. Transuion with up only 2 and Equifax with up 1 and I believe it's because of the wrong balance. Is it possible that credit one isn't reporting my payments to transuion and Equifax? Does it usually take them this long to do it? Sorry it's so long I am just trying to give as much info as possible. I am trying to build my credit up and this card is hurting my progress.

[MyDataMyChoice]

I personally DO NOT like the card... I suggest you try capital one prequalifier https://www.capitalone.com/credit-cards/prequalify\\\

Call Credit One and ask when it is they report to the bureaus ... on the statement date?  Day after due date?  etc...   The typically only report once a month. 

[Anonymous]

Few things,

1. Credit One is a predatory lender that thrives on fees, depending on the rest of your profile, this card should be dropped as soon as feasible.  List all your cards including balances, limits, and dates opened.

2. Credit Karma scores are VantageScore 3.0, not FICO scores, it's meaningless for the most part because barely any lenders uses it, not even Credit One.  Credit Karma is good for keeping track of changes on your report, ignore the scores.

3. What is the statement/reporting date of the Credit One? You can get this info on your first statement from Credit One or you can read "last reported on XXXXX" right underneath this account on Credit Karma. This is the monthly date you should expect Credit One to report to the CRAs.  

[Aloy]

I just checked it says "last reported to transuion on November the 2nd". For some reason they didn't report December 2nd.

[Aloy]

Ya. I am starting to really dislike it too. I will diffently be getting another card. It seems like credit one is here to target people with bad credit or trying to rebuild their credit then they make it difficult to do so.

[Anonymous]

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@Aloy wrote:
I just checked it says "last reported to transuion on November the 2nd". For some reason they didn't report December 2nd.

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That date is the date Credit One reported to the credit bureaus (also statement date), there will be a few days delay for the bureaus to update, then more delays for CK to update (CK mostly updates weekly). You should be able to see it update on CK within the upcoming week, when it does, the reported date will still say Dec 2nd.

[Anonymous]

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@Aloy wrote:
Ya. I am starting to really dislike it too. I will diffently be getting another card. It seems like credit one is here to target people with bad credit or trying to rebuild their credit then they make it difficult to do so.

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They don't make it more difficult (they don't report any differenly than other lenders), they just make it costly. They're not the only predatory lenders around, they're not even the worst, best to ask before applying again.

Like I said in the first reply, if you list all your card's info, in addition the reason for rebuild (derogatory information), we will be able to help guide you in the right direction.

[Aloy]

Ok. Hopefully the balance will be right then or should I not be concern about ck saying I have a $100 balance since it takes ck a little bit for them to get updates from transuion. And I don't know if it matters but other free credit checking sits, credit sesame, mint and credit wise says the same thing.

[Anonymous]

All the other free monitoring services says the same because Credit One just closed the statement today, you have to give it some time to run its course. Even if you have paid subscriptions directly from the CRAs, they would still say $100 today. Patience.

[Pikaboo-icu]

If you are rebuilding and need a CC, if you don't qualify for Cap One, try Merrick Bank.

They have a prequal site, normally start cards at $750 CL and give a double the limit increase after 6 months of responsible use.

They are a rebuilder & some have a monthly fee of $4. but not the predatory fees like Credit One.

CHEERS