topic Re: No Payment Due, but I have a balance in Credit Cards

No Payment Due, but I have a balance

Anonymous — Thu, 24 Jan 2008 15:55:35 GMT

I have one CC that never has a payment due. It's my visa. I usually pay them a couple of times per month, but I always carry a balance. I've had this CC since 1999 and I've never had a payment due. The statements say "No payment due this month"...

My CRs always show a payment of $0, even though the utilization on that card is over 50%.

High Balance is $0

Payment is $0

But the balance reports.

Does this have any effect on my score? Do all credit cards do this "no payment due" thing?

Message Edited by esshua on 01-24-2008 10:55 AM

Re: No Payment Due, but I have a balance

jackg — Thu, 24 Jan 2008 16:12:10 GMT

esshua,

My experience with this situation boils down to this:

They don't want you to pay from that statement, because that will make the balance carry over to the next month, therefore incurring finance charges. The fact that you pay "a couple times per month" fulfills your "minimum payment due", which is the cause for the statement "No minimum payment due this month."

There is a negative effect to your FICO score, but it's due to high utilization, "...is over 50%...".

Re: No Payment Due, but I have a balance

Anonymous — Thu, 24 Jan 2008 16:16:00 GMT

This happens to me all the time, too.

I pay many of my cc's more than once per month. Most I pif. And if I have a 0 balance at the cut off date, when they generate the statements, then I have no payment due. Of course not, my balance is 0.

What Visa cc is it that you have, that you carry a 50% utilization, yet shows 0 balance due? That's interesting.

Re: No Payment Due, but I have a balance

Anonymous — Thu, 24 Jan 2008 16:19:20 GMT

OK. I get the over 50% util is high on that card. But I have 2-3% util on the other cards. It balances out. I just PIF this credit card this morning. Now, I'll try to PIF the balance every month instead of carrying a balance....

I was just wondering if having no payment listed while having a balance effects my FICO score or if it factors into my credit "worthiness" in any way...

Re: No Payment Due, but I have a balance

Anonymous — Thu, 24 Jan 2008 16:25:20 GMT

Sylviatob wrote:
This happens to me all the time, too.

I pay many of my cc's more than once per month. Most I pif. And if I have a 0 balance at the cut off date, when they generate the statements, then I have no payment due. Of course not, my balance is 0.

What Visa cc is it that you have, that you carry a 50% utilization, yet shows 0 balance due? That's interesting.

I'm sorry. It shows $0 payment on the CR.... Like I've never made a payment. I typed "balance" at first, but edited it...

Re: No Payment Due, but I have a balance

haulingthescoreup — Fri, 25 Jan 2008 01:28:37 GMT

It would not affect your scores, and I think any creditor doing a manual review would understand what they were seeing. It's not uncommon. I wouldn't worry about it.