@Anonymous wrote:
When you say pay before the statement close, you are saying pay on or before the payment due date--right?
NO!!!! The statement closing date is when the credit card company stops adding charges to your statement. This date might be called the "statement date", and is usually the day they print and mail your billing statement. You need to pay down your balance
before this date, otherwise the high balance will post and will be reported to the credit reporting agencies.
The payment due date follows about 2-3 weeks after the statement closing date. Take a look at your most recent credit card statement and you'll understand the difference between the two dates.
Pay before the statement closes!!!!!