Bank of America is one of the largest banks in the United States and ranks as one of the best banks overall. Lenders like Bank of America are allowed to choose:
Bank of America pulls reports from all 3 of the major credit bureaus (TransUnion, Equifax and Experian) when running “hard pulls” but has been noted to favor Experian over Equifax and TransUnion when reporting consumer data.
Bank of America reports consumer information at least once per month to all 3 of the major credit bureaus. The reporting itself will take place approximately 3 to 5 days after the due date, specified on the credit card statement issued to the consumer being reported on.
The statement date is set to coincide with the ending of the billing cycle. Once a statement has been received, the next billing cycle will commence the following day. Billing cycles vary in length, typically spanning 30 to 45 days per cycle.
To determine your statement closing date, you can:
Bank of America will reward customers who maintain a zero balance on their credit cards by immediately reporting their accounts to the three major credit bureaus.
Bank of America reports information pertaining to a consumers:
By familiarizing yourself with the reporting schedule of Bank of America you will have a better likelihood of ensuring a particular credit utilization ratio will be reported in association with your account. This will help improve your overall credit score over time.
Bank of America reports consumer information at least once a month to the 3 major credit bureaus (TransUnion, Equifax and Experian). The reporting is done to coincide with the issuing of consumer statements and the end of the current billing cycle. Familiarizing and adhering to their reporting schedule will help increase your credit score over time.
Speak with a live credit specialist for your free consultation, now