Before my husband charged his walmart card to 84%, I was paying down my car loan. Instead of paying down my pricipal, the bank was advancing my due date. I'm not due for another car payment until May 2018. I want to skip this month's payment to pay off my husband's walmart card to reduce utilization and the amount of interest we'll pay.
The CSR couldn't tell me how this missed payment would report on my credit report, except to say it would not affect my score. Will this report as "paid on time" or as "no information available?" Will "no information avaialble" adversely affect my score?
Technically, you would not be "skipping" a payment. You would have no payment due for that month.
Thus, the creditor, if they still make a regular monthly updated reporting, should report N/A, and not paid.