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FICO: how soon does a paymentl show up-in order to reduce your outstanding balances?

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Anonymous
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FICO: how soon does a paymentl show up-in order to reduce your outstanding balances?

I heard that CC companies typically report balances only once per month. Is this true ? How about AMEX?
Message 1 of 3
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Anonymous
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Re: FICO: how soon does a paymentl show up-in order to reduce your outstanding balances?

Yep, once per month.

Amex also reports once per month, but they report a month behind.
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MidnightVoice
Super Contributor

Re: FICO: how soon does a paymentl show up-in order to reduce your outstanding balances?

And most CCCs report the balance on your statement at about the same time that they cut the statement.
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
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