wiivile wrote:Does anyone know when my credit utilization # that is used to calculate my credit score is reported to the credit agencies? I think it makes a big difference when, during the month, it is reported.
Most banks report the statement balance, shortly after the statement is issued.
A few (US Bank, last I knew, for instance) report on a particular day. ( US Bank is the first of the month, I think.). A credit union I used to bank with reported the statement balance, but did it once a month, which meant if you closed the day before they did that, it would be fast, and if you closed the day after, it would be a month behind. There are probably other weird things that happen, a relic of ancient computer systems, or the thinking that they still send the data in on physical tapes.
It's a perfectly reasonable thing to ask the lender, if you care. (you can also use one of the free credit monitoring sites, like credit karma or credit seasme, to see when they get updated.)