to banks who suscribe to the service.... I saw in the SF Chronicle that many banks now are subscribing to 24/7 REALTIME Credit info on all the cardholders they have. EX: Charge up a Cap One to the limit, it reports next 24 period to all bureaus - who do a data dump to all other banks - who then see you raised a balance - then a day later - CHASE jacks you to 24%! A quote from a CHASE exec said it was also GOOD for their customers. If you paid off all balances, or made a positive credit move, they would immediately send out an offer for a better rate.... YEAH - I AM SURE.... So - we are now in the day that what I charge at Nordstroms this pm will be updated to all bureaus tomorrow - and hopefully, my other card companies think I made a rational purpose....because they will see the slightest credit variation the next day... Dogman
Re: Re: Immediate Credit Reporting Why should they correct errors as fast or faster than they can MAKE them?
