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Elan Financial Reporting

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Credit_Master
Regular Contributor

Elan Financial Reporting

Hi Everyone,

 

So I need a little clarification on Elan Financials reporting of the MCP card each month. I am aware that they report on the last day of the month to the CRAs. What I need clarification on is when they report on the last day of the month do they report the balance on the card as of that day or do they report the closing date balance?

 

Thank you,

 

Credit_Master

Current Cards

Goal Cards

Closed Cards

Total CL $84,850
Message 1 of 3
2 REPLIES 2
lanemeyer
Established Member

Re: Elan Financial Reporting

In my experience with the Fidelity card, Elan reports whatever your current balance is at the beginning of that last day of the month.  Payments made that day are not reflected. 

Message 2 of 3
Bill77
Regular Contributor

Re: Elan Financial Reporting

Agree, it's the balance on that last day.

 

Message 3 of 3
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