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Questions on CRB reporting by Amex/Lightstream Pre-Approval

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Questions on CRB reporting by Amex/Lightstream Pre-Approval

Have a 0% Amex Cash Magnet Card.
Statement normally closes on the 25th.
I completely paid off $16K on 9/26.
Amex shows the "Current Statement" cylce as running 9/26 to 11/3, which I assume they did because 11/3 was last day for 0% promo.
Experian shows the balance paid in full.

The other two CRBs still show the balance.  Any idea when they will show zero balance?

Also: About 3 weeks ago my scores were all around 770.
Since then, and prior to statement closing dates, I paid off about $33K on Amex Cash Magnet and $17K Citi Plat Mastercard.
I transferred $18K from Citi to USB and Barclay.
Total remaining card debt fell from $85K to $35K....yet Fico scores fell to 735.  


The reduced Citi balance shows up on Equifax and Experian but not yet on TU.

Utilization at 15%.

Income around 250K.

Explanation for all this?

I ask because I'm looking to do a large Lightstream loan.  SoFi has preapproved me for 100K but at 11% APR.

 

Message 1 of 3
2 REPLIES 2
Valued Contributor

Re: Questions on CRB reporting by Amex/Lightstream Pre-Approval

You would need to give more details to obtain a response. All individual and aggregate utilizations, for example.
List all TLs with reported balance/CL.
Any derogatories?
AOYA?
# of accounts open and closed on CR
AoOA?
Open or closed loan on CR?

What versions of Fico are you referencing and where is the source of your scores and updates?








(Installment loan reported this month, but AoYA points were NOT reset.)
Scores updated AUG 4, '19.

You can see the score changes 3 months after adding 6 cards, 5 reported.






(Forgive typos, mobile.)(Everything said is Just IMHO.)
Scores updated NOV'19.
Message 2 of 3
Community Leader
Mega Contributor

Re: Questions on CRB reporting by Amex/Lightstream Pre-Approval


@lmsmedley wrote:

Have a 0% Amex Cash Magnet Card.
Statement normally closes on the 25th.
I completely paid off $16K on 9/26.
Amex shows the "Current Statement" cylce as running 9/26 to 11/3, which I assume they did because 11/3 was last day for 0% promo.
Experian shows the balance paid in full.

The other two CRBs still show the balance.  Any idea when they will show zero balance?

Also: About 3 weeks ago my scores were all around 770.
Since then, and prior to statement closing dates, I paid off about $33K on Amex Cash Magnet and $17K Citi Plat Mastercard.
I transferred $18K from Citi to USB and Barclay.
Total remaining card debt fell from $85K to $35K....yet Fico scores fell to 735.  


The reduced Citi balance shows up on Equifax and Experian but not yet on TU.

Utilization at 15%.

Income around 250K.

Explanation for all this?

I ask because I'm looking to do a large Lightstream loan.  SoFi has preapproved me for 100K but at 11% APR.

 


At the time you posted this, it was too early for the other two CRA. EX tends to be the fastest, EQ kinda few days after EX updates, and TU gets to it when they get to it.

If you check your reports right now, all should have updated by now

EX 759 EQ 774 TU 753


Message 3 of 3
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