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Capital One Reporting Question

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Anonymous
Not applicable

Capital One Reporting Question

So quick question.

 

I have a Capital One Secured and I pay it off in full everytime a balance shows.

 

But they reported the one time my balance was $100! 

 

On the letter it says that my payment due date is the 20th of every month.  It also says at the time of the statement(The 23rd) that my balance was $100.

 

Considering Capital One reports statement balance , is it safe to say that I just need to have my balance corrected by the 23rd of every month?

 

Thanks guys! 

2 REPLIES 2
gdale6
Moderator Emeritus

Re: Capital One Reporting Question


@Anonymous wrote:

So quick question.

 

I have a Capital One Secured and I pay it off in full everytime a balance shows.

 

But they reported the one time my balance was $100! 

 

On the letter it says that my payment due date is the 20th of every month.  It also says at the time of the statement(The 23rd) that my balance was $100.

 

Considering Capital One reports statement balance , is it safe to say that I just need to have my balance corrected by the 23rd of every month?

 

Thanks guys! 


Yes, your balance needs to be by end of day on statement cut day what you want it to report. What I do is quit using a card 4-5 days prior to stmt cut then schedule payment the day before.

Message 2 of 3
Anonymous
Not applicable

Re: Capital One Reporting Question

I agree with the above post.  The only time I've run into this issue, not just with Capital One but many creditors, is why I use my card too close to the end of the statement period / cut date.  Doing so can result in charges showing up and reporting that you weren't planning on.  Like gdale6 said above, if you can avoid using your card for several days before that time, you are in better control of the reported balance. 

Message 3 of 3
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