I am getting dizzy......

[Anonymous]

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@NRB525 wrote:

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@Anonymous wrote:

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@Revelate wrote:

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@Anonymous wrote:

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@patchespuppy wrote:

From my alerts...

12/27 Capital One increased from 0 to 657....ding on CR -13

12/31 Chase increased from 0 to 416...ding on CR  -28

12/31 Kohl's increased from 53 to 662...ding on CR  -28

1/1  Chase decreased from 416 to 0....dong on CR  + 9

So why when Chase balance increased was the hit -28 but when paid off 2 days later the increase in my CR was only + 9.  If they are going to ding me -28 then when it is paid off the dong should be the same.

Also...is there a time frame when creditors need to report payments?  All my credit cards were paid in full within one week but nothing has been reported to the CRA or if it has...the CRA have not updated their records.  When I called and asked about it they said we usually report payments within 3 to 4 weeks.  So then how come you are so fast at reporting usage? 

Seems the CRA are quick to ding you for using your card but really slow to show payments. 

Seems system at CRA is to keep you running...and they get to take their sweet time when making it right,

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That -28 included the Kohl's alert and possibly something else that wasn't mentioned in the alert. Your score went down 28 points that day, not 56 points.  9 of those points were from Chase going Up and the other 19 were from Kohl's, which I would guess has a lower credit line than the Chase card and the $662 is utilizing more of the credit line than the $416 was on the Chase. Also, as I said, it may not be the whole 19 points from Kohl's but could include something that didnt cause an alert.

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The pink highlight is correct: in my experience when I get a couple updates at one time, I get multiple -N listed for every single one of them (or +N though I'm not that lucky); however, when I look at the actual score movements, it was only the one drop.  

In this case you had two balances + possibly other stuff land, then paid one off (Chase will now update after it's been paid, I don't know of any other lender that will do that) which gained you back 9 points from either utilization or likely number of cards with balances.

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Thanks for answering a question I had about the re-reporting! I've been wondering how people have been seeing a new alert after paying a card off. It's never happened to me yet.

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Chase has been reporting an account that I closed in October, every month. It has been zero since October. Just updated it again "Paid in full". November, December, January...

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I should have clarified better. I was talking about the fact that the OP got an alert on the monitoring that he had a balance and then got another alert a day later that he was 0 balance. That's the second post I've seen that got two alerts in one statement period regarding balance. Since most CCC's report once per cycle I was wondering how that happened and Revelate seemed to answer it for me that Chase updates that it's paid, hence the second alert immediately. I've never experienced that on my monitoring. I get an alert about my balance a couple days after it reports and then I don't get any more alerts about that card for another month. I don't have any Chase cards though.

[jamie123]

Yeah, that's why I said a CC company USUALLY reports once a month. If you pay a Chase card to $0 they will post it immediately no matter the time of the month which is really nice of them.

[Revelate]

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@jamie123 wrote:

Yeah, that's why I said a CC company USUALLY reports once a month. If you pay a Chase card to $0 they will post it immediately no matter the time of the month which is really nice of them.

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Except when you're trying to test out the penalty for a maxxed out tradeline at a tiny fraction of aggregate revolving utilization... and you pay it like you normally do after the statement cuts and whoopsie, never got reported at 997/1000 .  

Assuming things go to plan will be able to test that more concretely this time without the unexpected benefit.

/tongue-in-cheek -- is a very nice benefit!