credit reporting

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I've been keeping track of my credit score for a while now through creditkarma. You can see the date that koodo reports your balance.  I get my bill on the 17th of each month, I pay it the same day. It seems to take about 3 days for koodo to process it and show as a 0 balance online. Koodo then reports my balance owing to the credit bureau on the 24th as owing the full amount I just paid almost a week prior. This seems to have a negative affect on my credit score. My phone is paid for and I have a monthly plan. I never had a tab.  I've only been with koodo since January and have never been late. I'm not sure what to do other than to pay my bill 2 weeks before receiving it. Or just go back to overpriced telus. 
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ap81

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Posted 10 months ago

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Dennis, Mobile Master

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I have not gone into this much detail with my credit report and am unfamiliar with the process of reporting payment and owing within such a short amount of time.  If you feel this is negatively impacting you are your future loans I would inquire with your loan officer from your bank.  Otherwise, you can switch back to Telus or another carrier if you so choose.  
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BobTheElectrician

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karma is a consumer-oriented site, not a go-to reference for those companies that actually use credit bureau info to judge transactions. What you are seeing in your case does not adversely affect your credit history.

In the real world, companies are looking for past-due balances and payment history, specifically no 30/60/90 past due payments (top right hand corner).


In any event, Koodo has no control over how these agencies digest their data. You can ask for your free official credit file by filling out a form on-line. These are delivered by mail to your last confirmed address.
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BobTheElectrician

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Changing cell suppliers will probably yield you identical results with credit karma. The screen capture above is from TransUnion, one of the majors in North America.
(Edited)
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ap81

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That looks more in depth than what I've seen lately. I did the pay online credit report earlier this year, poor choice. I got signed up for a monthly charge for identity theft or something. I will try one of the 2 places you suggested next time. But I have no need. I know banks don't look at creditkarma but it gives me a good idea who is reporting my credit and who looked at it. I have excellent credit and want to keep tabs on it and compete with the gf too. 
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BobTheElectrician

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A lot of the consumer-oriented stuff is designed to sell you a protection plan eventually, like free anti-virus. Many of the vendors are not shy to use scare tactics.

By the way... is your phone/computer running too slow lately. Perhaps we can give you a free test...

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