Re: How many days do YOU PIF before statement cut?
12-06-2012 09:56 PM
I only want to make one payment a month to my CC
If you make only one payment/month, then you should pay your current account balance (which should be more than your last statement balance) by the due date AND stop using the card until the next statement date. That will result in a zero balance on your next statement.
If you make payments on the credit card company's website via checking account debit, you can schedule a payment 1 day before the due date. The payment will be on time and the payment will be posted before the next statement.
Great advice! I just checked my Equifax report to see when each company reports each account and marked it down in my calendar. But I agree, paying a day or two before the due date on both my statement and current balances will result in the $0 reporting for the next month as long as I don't spend between the due date and statement cut, and then from there it's always the current account balance to keep at it. I'm sure after a couple go-rounds I'll have it down to a science! Now, it's just a waiting game for my free annual report to see when Transunion and Experian receive information from my CC companies...
FICOS: EX 744 EQ 718 TU 733 Credit Karma (TU) 785 Transrisk 809/990 Credit Sesame (EX) 766 Credit.com (EX) 764 VantageScore 3.0 719 Quizzle (EQ) 721