Help me understand my payment schedule.

[toothgrind3r]

hahhaa...yeah....

Okay, let's pretend that the payment of $1000 was made on 1/26/15...THEN all I said would have made sense, yeah?

[takeshi74]

---

@toothgrind3r wrote:

And if I wanted to be a real good boy, I would pay $3,604.77 to have the next statement report as $0, correct?

---

It's not a matter of good/bad (subjecitve as with any topic) but whether or not you're trying to adjust the reported balance to 0.

[Anonymous]

---

@takeshi74 wrote:

---

@toothgrind3r wrote:

And if I wanted to be a real good boy, I would pay $3,604.77 to have the next statement report as $0, correct?

---

It's not a matter of good/bad but whether or not you're trying to adjust the reported balance.

---

If it's Chase then they would report 0 balance upon full repayment of the total credit line. Judging by the min payment however it might not be Chase. Lol.

[toothgrind3r]

---

@Anonymous wrote:

---

@takeshi74 wrote:

---

@toothgrind3r wrote:

And if I wanted to be a real good boy, I would pay $3,604.77 to have the next statement report as $0, correct?

---

It's not a matter of good/bad but whether or not you're trying to adjust the reported balance.

---

If it's Chase then they would report 0 balance upon full repayment of the total credit line. Judging by the min payment however it might not be Chase. Lol.

---

Yeah, not Chase, Chase won't let me play with them!  They're still mad at me for what I did to them 6 years ago.  

Let this thread be a reminder to everyone to not to try work with numbers late at night after a looooong day at work.

[newhis]

---

@toothgrind3r wrote:

hahhaa...yeah....

Okay, let's pretend that the payment of $1000 was made on 1/26/15...THEN all I said would have made sense, yeah?

---

Exactly, in my original response I was going to put that maybe you paid 1/26/15 and not 1/16/15, so in fact you only needed to pay the rest to avoid interest.