Which amt is reported?

[Anonymous]

I have an Orchard Bank card with a $500 limit, my statement date is the 8th.  Someone here said that they always report to the credit reporting agencys on the last day of the month.  What Im wondering then is do they report what the balance was on the 8th or what it is on the last day?  I left 4% utilization when statement day came and now im at 25% so im wondering if I should sent a payment to bring it back down.

Message Edited by lorileet on 10-22-2007 11:16 AM

[Anonymous]

In Sept it was the 28th in Oct it will be the 31st

So make your payment before the 31st.

I had the same thing with me Householdbank it is now not being used because of this.

If that does not work for you have them change the due date.

[Anonymous]

Citibank statement is around the 12th,

Cap 1 on the 15th,

HSBC and BestBuy MC on the 19th,

Cap 1 is my only if absolutely necessary - otherwise it's 2 bills on it and PIF and use during the 3 days that I can use the other 2

Citi - I use from the 13 /14 (or statement date)till the 5 then PIF or adjust before the due date

HSBC and Bestbuy are used from the first until the 15th roughly - and then PIF or adjust on payment date.

I just take the one I can use and put it in one are of my wallet.

Message Edited by Lady_Scarlet on 10-22-2007 02:45 PM