@tussking wrote:Wanted to add my 2 cents...
My NFCU CLOC is reporting monthly accurately.
**bleep** PenFed CLOC is a joke...I used it once and let $250 report....That balance was paid in a week after it reported and it still reports $250 ---- THREE MONTHS LATER.
When you say the NFCU CLOC reports "accurately", accurately when?
End of the month?
Statement date?
I asked NFCU which balance they report and they wouldn't say. Here's their response:
The balance as of the date of reporting is the amount reported to the credit bureaus. Navy federal sends electronic transmission to all four major credit reporting agencies each month based on your billing cycle. The exact reporting date is unavailable
@Anonymous wrote:
I asked PenFed earlier this months and they said they send the balance on the date the statement cuts for the general banking account (checking/savings), which in my case is the 7th but I still don't have an updated balance reporting yet.
My experience with the PenFed PLOC is that they are reporting the balance from the 3rd day of the month, which is neither the statement balance nor the end of month balance.
Now PenFed's reporting got even crazier.
I was just setlling in to think I could safely depend on it reporting the balance from the 3rd day of the month, but this time it reported the balance from the 6th day of the month.
Completely unpredictable.
The only pattern is that there is no pattern. They don't report the end of month balance and they don't report the statement balance.