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

bt
New Member

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?
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2 REPLIES
Regular Contributor

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.
Message 2 of 3
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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