Determining BoA Reporting Date(s)

[expatCanuck]

I'm trying to determine when / how often BoA reports. 

I ask because on 23-Aug I got dinged 14 points due to significant increases in my 2 BoA CC balances.

Happily, on 4-Sep my score bounced back 16 points when I paid back those increases & a bit more.

What strikes me as curious is that that's less than a 2-week time span.

Anyone know what the deal is?

[pizzadude]

At a minimum they're reporting once a month, although it sounds like they're doing it more often in your case.   What is your statement date?

[expatCanuck]

Payment required by the 15th, with the statement dates for 2014 varying between as early as the 16th (April) and as late as the 20th (August).

[pizzadude]

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@expatCanuck wrote:

Payment required by the 15th, with the statement dates for 2014 varying between as early as the 16th (April) and as late as the 20th (August).

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That would explain the balance being reported on Aug23, just a few days after the August statement was genereated.

I have no idea why they'd report again in early Sept though.   I thought they only reported once a month.

[CreditPlay]

Did you get a CLI recently? For me BofA always reported immediately whenever there was acoount changes, cli, due date change, pc etc

[expatCanuck]

No CLI or other changes of which I'm aware.

(That said, what's PC?)

[pizzadude]

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@expatCanuck wrote:

No CLI or other changes of which I'm aware.

(That said, what's PC?)

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Product Change, i.e. upgrade, downgrade...

[CreditPlay]

Ok re read yours and pizzadude posts. So 20th is your statement date and they reported on 23rd thats normal, and then you paid down to 0  and then they again reported, that matches with my experience. I think they do report again whenever you pay down to 0 from an amount >500$ Or 1000$ , i dont remember correctly. I use to play with boa reporting quite sometime back and they dont re report if the amount is less like 100 or 200$. Chase too reports early if I pay down to 0. 

If you dont paydown to 0 bofA wont re report i think, you can try next month.

[expatCanuck]

Thanks, CreditPlay.

My experience agrees with yours -- in part. 

Over a few days in late August, I made payments of several $K on each card --  tho', sadly, not to zero (yet).

It looks as tho' a significant payment or percentage utilization drop (the amount of which we can't be certain -- I asked BoA and they wouldn't tell) may trigger a report.

[CreditPlay]

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@expatCanuck wrote:

Thanks, CreditPlay.

My experience agrees with yours -- in part. 

Over a few days in late August, I made payments of several $K on each card --  tho', sadly, not to zero (yet).

It looks as tho' a significant payment or percentage utilization drop (the amount of which we can't be certain -- I asked BoA and they wouldn't tell) may trigger a report.

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Hmm... Looks like they have some pay down threshold for reporting. Anyways I get happy whenever they report early for my payment