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Does MBNA really report twice a non

Discussion in 'Credit Talk' started by sylvesp, Apr 18, 2002.

  1. Apr 18, 2002 #1
    sylvesp

    sylvesp Active Member

    I was told that MBNA is reporting on 1. and 15. of each month to the credit buros.
    Is this true?
    If yes: How long does it take for the CAs to update their records? When does the data reported on 1. of the month show up in my credit report?
     
  3. Apr 18, 2002 #2
    wolverine

    wolverine Well-Known Member

    I have been an MBNA customer for over a year, and they report once a month at best. It's possible that they report more than that to the CRA's, but the CRA's only update once a month.
     
  4. Apr 18, 2002 #3
    daveberk

    daveberk Well-Known Member

    I notice MBNA reporting once a month about 3 days after the statement closes. The figure reported is always the statement balance.
     

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