@SouthJamaica wrote:
@Total80sKid wrote:
Thank you.
Ok, so as soon as I get my statement, say it says I owe $84. That will be what is reported on my credit report, even if I pay it to $0 the day after I get my statement?
Yes. Assuming your lender's reported balance is the statement balance. That is true in most cases, but not all.
To add to that, @Total80sKid, some lenders, like I believe U.S. Bank, report your balance at the end of the month, rather than on a certain statement date.
Other lenders, such as Chase (and Discover if you ask, irrc. Unless they stopped doing that.), report your statement balance on the statement date, as well as any time you zero out your balance at any time in the middle of a billing cycle.
