topic Re: getting my score up in Credit Cards

getting my score up

Anonymous — Sun, 27 Jul 2008 08:03:28 GMT

does it matter if i pay off my credit card early like if i have 300 hundred dollars credit and i spend 150 could i pay it back that next week i should i wait intil the bill come at the end of month for my score to go up?

Re: getting my score up

llecs — Sun, 27 Jul 2008 11:54:26 GMT

If you want your CC to report a $0 balance, you need to make sure you have a $0 balance showing on the CC typically right before (1-2 days) the statement date. There are CCs like HSBC/Orchard that are exceptions to that rule.

Re: getting my score up

jbh — Sun, 27 Jul 2008 13:18:00 GMT

What are the exceptions for Orchard Bank?

Thanks

Re: getting my score up

llecs — Sun, 27 Jul 2008 22:39:29 GMT

jbh wrote:
What are the exceptions for Orchard Bank?

Thanks

They report your CC balance that was with them on the last business day of the month and report that typically a week or two after that. YMMV. I have an Orchard and they haven't reported every month for myself.

Re: getting my score up

Anonymous — Sun, 27 Jul 2008 23:07:16 GMT

@llecs wrote:

@jbh wrote:
What are the exceptions for Orchard Bank?

Thanks
They report your CC balance that was with them on the last business day of the month and report that typically a week or two after that. YMMV. I have an Orchard and they haven't reported every month for myself.

So, to have Orchard report a $0 balance, pay a few days before the last day of the month?

Re: getting my score up

Anonymous — Sun, 27 Jul 2008 23:12:59 GMT

@Anonymous wrote:

@llecs wrote:

@jbh wrote:
What are the exceptions for Orchard Bank?

Thanks

They report your CC balance that was with them on the last business day of the month and report that typically a week or two after that. YMMV. I have an Orchard and they haven't reported every month for myself.

So, to have Orchard report a $0 balance, pay a few days before the last day of the month?

Yes. Although my experience with Orchard has been different than llecs'. They do report the balance as of the last business day of the month, but for me they actually report on that date, as well, not a week or two later.

Moving this thread to Credit Cards Forum, since it really is all about CCs.

Message Edited by cheddar on 07-27-2008 04:12 PM