@haulingthescoreup wrote:
OK, at the very bottom, it says that your last statement date was March 7. I think that the new Credit CARD Act requires that your due date be the same every month; if so, your statement date will probably be on the 7th of every month. (I'm not familiar with Public Savings.
For SCORING:
If you want $0 to report, or if you want a specific figure to report, and IF this bank updates on your statement date, stop using the card on the 2nd. Go online on the 5th and PIF if. Check again on the 6th and on the 7th to see if anything snuck by. If not, and your current balance is still showing $0, that's what will be on your statement, and that's what will report, IF this bank updates on the statement date.
The way to get a good educated guess as to whether it reports on the statement date is to pull a report from somewhere and see if the reported balance is $36. If so, then they probably update on the statement date. If it's a different figure, you might be able to look at the transaction history and see on which date your balance was what shows on your reports. You can then figure that that's when they update to the CRA's.
I'd hold off until the 17th or so to check a report, especially if you have to pay for it, to make sure that the CRA's have gotten around to updating. EQ and TU are slooooow.
For GOOD FINANCIAL PRACTICE (not worrying about reported util):
The due date is April 2. I would pay online somewhere around March 29 and save that confirmation number as I mentioned before. Check again online the next day (might have to wait for the next business day) to confirm that the new balance has posted.
Some banks and credit unions don't post that new $0 balance right away. But you can look at your available credit figure. If it's your credit limit, then they have credited your payment.
Thanks for all the help so far.
Like I was saying in the original post, the balance reported to my credit report (EX) was $36. That was approx. the 1st of the month. I'll wait until 3/29 to pay this online then double check a day or so later to make sure my payment made it through A-OK.
But, is there anything stopping me from paying this right now? I mean I dont see how paying now versus the 29th would make any difference.
Message Edited by JasonBourneOfCredit on 03-10-2010 06:58 PM
