I get paid the first of the month, and then a sub check the middle of the month. I pay all of my bill on the first just to get them paid and out of the way. I sent payment to B of A for 300.00, it was applied to my account on June 5th, so they shortly there after reorted to the CRA's. A little later on in the month, the interest was added on the account around $65 for the following month.. Obvisously they report twice a month. Fico sent me an alert saying that one of my accounts had an increase on it. It turned out to be B of A. They had to have reported it for FICO to know about it.
Was I making a mistake by paying the first week of the month? This month, July, I have my payment scheduled for the due date 7/20 on the website. They report aROUND THE 25th. Hoping to not get bounced around again.
The kicker is, I don't know how it was increased. The $300. dropped the balance down enough to cover the $65. interest fee. , I know they reported twice, because it was showing on my cr's with the correct bal after the $300. deduction then when the 25th rolled around they added the interest that made it appear to increase from my last month. So sometime after receiving my $300. payment in June they reported the new bal., then reported again.
I am going to keep a close eye on it this time and find out what is going on.
Any one evr have this problen. I know from now on, I will be paying my bills on their due date and not a couple of weeks early