Credit Report Updating

Anonymous · ‎04-10-2014

Hello

I have some questions about when my report will be updated.

I pulled all three within the past 5 days or so, and I just noticed that the reports are all "As Of March" and EQ and TU only have OKs for up to February on my Cap One account, while EX has an OK for March itself. This makes it appear as though the reports are at different times from the same creditor.

I recently got a nice CLI from Cap One, so I'm waiting for that to hit before going on an app spree.

Questions:

1. Does the CLI generate a report to the bureaus on its own, or is it just with the normal monthly report?

2. Since my due date is the 20th, when is it likely they do a report, and should I only expect that EQ and TU reports with only February OKs now will only have March OKs after this month's report?

3. If the April report ends up only showing March OKs, will my new credit limit be on my report on April's report, or not until the April OK appears on the report (which might be May)

3. I also have a Target store card with 200 limit that is due early in the month, but I pay it off so quickly it doesn't matter - and it's pathetic to begin with so I don't care about this too much.

There weren't any specific dates of reporting on the reports. I pull them from this site, and would like to avoid doing $45-$60 self-pulls more than once a month.

I'm eager to get the ball rolling on apps. I've been gardening for several years (before I knew what it was called - and I'm not counting single EX inquiry in August 2013 for an Apartment - otherwise INQ free).

Thanks for your help!

myjourney · ‎04-10-2014

@Anonymous wrote:
Hello

I have some questions about when my report will be updated.

I pulled all three within the past 5 days or so, and I just noticed that the reports are all "As Of March" and EQ and TU only have OKs for up to February on my Cap One account, while EX has an OK for March itself. This makes it appear as though the reports are at different times from the same creditor.

I recently got a nice CLI from Cap One, so I'm waiting for that to hit before going on an app spree.

Questions:

1. Does the CLI generate a report to the bureaus on its own, or is it just with the normal monthly report? Normal reporting
2. Since my due date is the 20th, when is it likely they do a report, and should I only expect that EQ and TU reports with only February OKs now will only have March OKs after this month's report? Reporting usually takes place 2-5 days after statement cut
3. If the April report ends up only showing March OKs, will my new credit limit be on my report on April's report, or not until the April OK appears on the report (which might be May)
3. I also have a Target store card with 200 limit that is due early in the month, but I pay it off so quickly it doesn't matter - and it's pathetic to begin with so I don't care about this too much.

There weren't any specific dates of reporting on the reports. I pull them from this site, and would like to avoid doing $45-$60 self-pulls more than once a month.

I'm eager to get the ball rolling on apps. I've been gardening for several years (before I knew what it was called - and I'm not counting single EX inquiry in August 2013 for an Apartment - otherwise INQ free).

Thanks for your help!

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?

takeshi74 · ‎04-11-2014

@Anonymous wrote:
Does the CLI generate a report to the bureaus on its own, or is it just with the normal monthly report?

Generally during the normal update the creditor provides to the CRA. I can't speak to CO specifically and creditors can vary. IIRC someone posted that their report was updated with an address change or something with some creditor -- can't recall which one.

@Anonymous wrote:
Since my due date is the 20th, when is it likely they do a report, and should I only expect that EQ and TU reports with only February OKs now will only have March OKs after this month's report?

The 20th though keep in mind that the CRA's don't instantly update and the amount of time for each to update can vary.

@Anonymous wrote:
There weren't any specific dates of reporting on the reports. I pull them from this site, and would like to avoid doing $45-$60 self-pulls more than once a month.

I found a CMS allowing daily pulls to be very useful for this sort of thing. If you can do with only weekly updates based solely on TU you can use CK. You don't need to pay for scores to determine when your balances update.

Anonymous · ‎04-11-2014

Thanks. I have Cap One's "Credit Tracker" which is TU, and they give you an (inflated) FAKO score. My actual TU 744 appeared as 761 on Credit Tracker. It looks like my Cap One issues statements on the 23rd, so I guess the report will be out by the end of the month. I will do pulls in early May and see where it is before I go on my spree.