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Maybe im just dumb but since i need to start keeping my cards active and most at a 0 bal and making sure that when i actually PIF im paying for the charge that just happended instead of having come due on another cycle and potentially being 30 days late or something like that, I just read about it and dont remember the exact wording sorry. How in the hell do i figure out when i need to PIF before it shows up on my CR of having a bal.
Basically im trying to keep a card active and charge on it but want to PIF before my statement comes out so i get the active points but dont have any reporting balance.
I hope this makes sense. Thanks for your help.
Ah! ![]()
Sorry. Was confused with your blank post. Usually most of them report to the CRA once a month and in those few days after your statements cut. Some are different. HSBC for instance reports to the CRA on the last day of the month. So accordingly, you can PIF a few days before your statement date and let it sit that way with a 0 balance atleast for a few days after your statement has cut. And then start using again until a few days before your next statement date and so on.
A good way would be to pay the minimum immediately after the statement cuts and then almost PIF leaving a small <9% balance on one or two cards and then PIF on all the other cards before the statement cuts. Of course, with HSBC and the like reporters, you would have to PIF before the last day of the month and not the statement date. You would have to watch your CBRs for a couple of months closely to find out when they report. If you subscribe to Truecredit, they show the 'date reported' as well.
does TrueCredit deal with FICO or FAKO? and do i get reports from EX EQ and TU?
Maybe this will be easier for me to understand.
My Best Buy online statement says: Statement date of 5-11 and its due by 6-3. So another words i have from 6-3 to 6-11 to charge and pay in full for the following month?
For HSBC i have a statement date of 7-13 and a due date of 8-17. ?????
Im just really **bleep** confused right now
@Anonymous wrote:Maybe this will be easier for me to understand.
My Best Buy online statement says: Statement date of 5-11 and its due by 6-3. So another words i have from 6-3 to 6-11 to charge and pay in full for the following month?
For HSBC i have a statement date of 7-13 and a due date of 8-17. ?????
Im just really **bleep** confused right now
No, you have until 5-11 to pay in full BEFORE the Best Buy statement drops. Your reported balance will then be 0, as long as your payment also shows up on that same statement.
HSBC pay it on or before 7-13, and it will report zero. (Uh, they have different cycles, apparently...this is not accurate....I think I'm confusing you even more now.)
Hope this helps.