Immediate Credit Reporting

Discussion in 'Credit Talk' started by dogman, Aug 8, 2003.

  1. dogman

    dogman Well-Known Member

    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...

  2. lbrown59

    lbrown59 Well-Known Member

    To bad they don't correct disputes and errors that fast.
  3. lbrown59

    lbrown59 Well-Known Member

    Also know as a Quickie.
  4. Flyingifr

    Flyingifr Well-Known Member

    Re: Re: Immediate Credit Reporting

    Why should they correct errors as fast or faster than they can MAKE them?

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