Chip Lupo, Credit Card Writer
@CLoop
Bank of America reports to the credit bureaus monthly, within days after the end of a cardholder’s monthly billing period. Bank of America reports a credit card’s credit limit, account balance, payment history, and more to all three of the major credit bureaus: TransUnion, Equifax, and Experian. Bank of America may use a certain credit bureau more than another, though, depending on the applicant’s home state and other factors.
Once Bank of America reports your account information to the credit bureaus, it may take a few days before the updates appear on your credit report. New Bank of America cardholders may not see any new credit account info on their credit report for one or two billing periods after first getting a card.
If you’d like to review your up-to-date credit score and TransUnion credit report, you can sign up for a free account on WalletHub. That way, you’ll be able to check every day to see if there’s any new information from Bank of America on your credit report.
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To report rent payments to the credit bureaus, sign up for a rent-reporting service such as LevelCredit. These services report on-time rent payments to the major credit bureaus for inclusion on your credit report. Some require your landlord to create and maintain an active account, while others just require verification that they own or manage the property and have an active lease with you.
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You can attempt to add positive accounts to your credit report by requesting that your lender report your account to the three major credit bureaus. Some lenders report to just one or two of the major bureaus (Experian, Equifax, TransUnion), so your credit report may vary based on which company is putting it together. Others may choose not to your report at all, as there is no law that requires lenders to report information to...
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