Cycle Reporting

Question: When is cycle reporting appropriate, versus month-end  
reporting?  
 
Answer: Cycle reporting is generally appropriate when a large volume of revolving  
accounts is being reported and the data furnisher has multiple billing cycles.  
Reporting would take place at the end of each billing cycle, resulting in more  
accurate and current reporting of account statuses.  
 
Questions: How are delinquencies reported when a cycle reporter submits  
data at the end of the month?  
 
Answer: A cycle reporter who submits data at the end of the month should report  
the account status as of the end of the billing cycle for the account being reported,  
and not the status of the account on the date the media is created. All account  
fields, such as Current Balance, Amount Past Due and Date of Last Payment  
should be reflected as of the end of the billing cycle. 

Example: The consumer who is 30 days delinquent at the end of the billing cycle  
should be reported as an Account Status Code 71, even though a payment is  
received between the end of the billing cycle and the date the media is created.