What gets reported to the CRAs is the exact balance on your account at the time it is reported.
Let's say you have a zero balance between April 1 and 29. A $1000 charge appears on April 30th, but you pay it off in full the following day. If the creditor reports to the CRAs on the 30th, they will report the entire $1000 balance. If they report on the 29th or May 1st, they will report the zero balance.
Call them and find out what day they report your account, most of them will. If they don't, the exact day shows up on your TU report if you pull it. Use that as a target date to make sure your accounts are as low as possible within 3-4 days either side of that date.
Message Edited by Nuggy on
04-08-2007 09:45 PM