Reply
Established Contributor
Posts: 738
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

EQ FICO 8: 612 3/26/2015
TU FICO 8: 624 3/28/2015
EX FICO 8: 641 3/25/2015 Goal: 700 Across the board
Barclays Rewards Visa:0/1000 Arrival:1370/3000 Cap 1 QS1:0/3300 Cap 1 Venture:0/5000 Discover It:0/800 Chase Freedom:0/2000 Mid-South FCU:0/3000 CCD 13% Util
Valued Contributor
Posts: 1,583
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: 738
Registered: ‎02-14-2013
0

Re: CC Reporting and Payment

Perfect...Thank you!

EQ FICO 8: 612 3/26/2015
TU FICO 8: 624 3/28/2015
EX FICO 8: 641 3/25/2015 Goal: 700 Across the board
Barclays Rewards Visa:0/1000 Arrival:1370/3000 Cap 1 QS1:0/3300 Cap 1 Venture:0/5000 Discover It:0/800 Chase Freedom:0/2000 Mid-South FCU:0/3000 CCD 13% Util
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.