When does US Bank starts reporting to CRAs

[Anonymous]

---

@Anonymous wrote:
Mine actually reported about 30 days later on the 11th.

@Maize They report the balance twice?! So if I don’t have a zero balance on the last business day, it will be updated on the statement cut day?

---

I was incorrect.  They update the account "Status" on Statement Close date.  I unfortunately incurred a 30-day late on an EFS Visa in April, 2015.  The account's Statement Close date is the 10th of the month; and the account was updated to show the "30-day past due" on that date.

[Anonymous]

---

@Anonymous wrote:

It will report at midnight of the Statement Closing date for your first statement.  Go to your online account, click on "Account Information" in the left column, and the pop-up box will show you "Next Statement Closing Date."

You also need to be aware that U.S. Bank (and Elan Financial Services) reports to the bureaus twice monthly. They report the statement balance on the Statement Closing date and the Account Balance on the last business day of each month.  So if you're trying to manage the balance and utilization reported to the credit bureaus, you need to make a payment on or before the last business day of each month and not the Payment Due date shown in your account.

---

US Bank always reports once at the end of the calendar month using information from the last business day. Never seen any exception to this in eight years.

[Anonymous]

---

@Anonymous wrote:

---

@Anonymous wrote:
Mine actually reported about 30 days later on the 11th.

@Maize They report the balance twice?! So if I don’t have a zero balance on the last business day, it will be updated on the statement cut day?

---

I was incorrect.  They update the account "Status" on Statement Close date.  I unfortunately incurred a 30-day late on an EFS Visa in April, 2015.  The account's Statement Close date is the 10th of the month; and the account was updated to show the "30-day past due" on that date.

---

Ouch that bites for sure! Ooh ... somewhere I caught that USB does their own thing on account reporting and did not get caught but it was close