PenFed CLOC reporting as revolving but not updating on CR
So I'm sure others know as well that the PenFed CLOC reports as a revolving account. Mine was opened back in September. Last month in October I utilized the whole $500 available because I knew I was going to put the money right back in when I got my paycheck a couple of days later.
The question is when does PenFed update the account as paid?
The statement date was October 8th, I took the money out October 22nd and it updated that I had took the full amount, I paid it back in full on October 25th. The new statement realeased on November 8th, however it has not updated on any of my credit reports.
How long does it generally take to update with PenFed? I took a 13 point hit on all 3 reports for having an account at 100% my overall was still only at 26%
My lesson has been learned and I will definitely not be using the CLOC anymore
Current Scores: 11/27/17: [EQ-643] [TU-651] [EX-655]