When Does Discover Report To Credit Bureaus? (2022)
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Lenders like Discover are allowed to choose:
- Whether they report information to credit bureaus,
- Which credit bureaus they report to, or
- What information is reported.
Discovery reports to all 3 of the major credit bureaus (TransUnion, Equifax and Experian) at least once a month.
When Does Discover Report To Credit Bureaus?
Discover has been noted to report consumer information at least once per month to all 3 of the major credit bureaus. The reporting itself will take place up to 3 days after the billing cycle 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 current billing cycle, therefore, once a statement has been received a new billing cycle will commence the next day, with billing cycles varying in length, typically spanning 30 to 45 days per cycle.
To determine your statement closing date, you can:
- Review your credit statement.
- Review billing information on online accounts.
- Call the number on your credit card for customer services to verify it for you.
What Information Does Discover Report To Credit Bureaus?
Discover reports information pertaining to a consumers:
- Payment history
- Current balance
How To Know When Discover Will Report To Credit Bureaus?
By familiarizing yourself with the reporting schedule of Discover 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.
Bottom Line
Discover 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.
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