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Established Contributor
Posts: 960
Registered: ‎02-14-2013
0

CC Reporting and Payment

Hey everyone!  Quick question, when your statement cuts, I know the CC company will send that balance to the Credit Companies, but do yall wait until that shows up to pay your bill, or do yall pay it right when the statement cuts?  I am assuming paying right after the statement cuts/before it reports won't mess up how much gets reported right?  as long as there is a balance when the statement cuts?  Hope that question sounds right...TY

EQ8: 630 EQ5: 662 V3.0: 695 **4/2015
TU8: 635 TU4: 700 V3.0 :693 **4/2015
EX8: 644 EX3: 670 V3.0: ? **4/2015
CCD Util 7%

Valued Contributor
Posts: 1,701
Registered: ‎01-23-2013
0

Re: CC Reporting and Payment


Deltadog03 wrote:

Hey everyone!  Quick question, when your statement cuts, I know the CC company will send that balance to the Credit Companies, but do yall wait until that shows up to pay your bill, or do yall pay it right when the statement cuts?  I am assuming paying right after the statement cuts/before it reports won't mess up how much gets reported right?  as long as there is a balance when the statement cuts?  Hope that question sounds right...TY


Yep, that's right. Most cards report whatever's on the statement. Even if they don't report to the CRAs for a few days after issuing the statement, it's the statement amount that gets reported to the CRAs. So you can have payments or charges hit the day after the statement and they won't show.

 

Established Contributor
Posts: 960
Registered: ‎02-14-2013
0

Re: CC Reporting and Payment

Perfect...Thank you!

EQ8: 630 EQ5: 662 V3.0: 695 **4/2015
TU8: 635 TU4: 700 V3.0 :693 **4/2015
EX8: 644 EX3: 670 V3.0: ? **4/2015
CCD Util 7%

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