Right now, I pay more than the mimimum on all of my credit cards. However, with the ease of online banking and my cash flow cycle, I always make multiple payments, about 2 - 4 times each month. When a credit report is pulled and shows the last payment I made on an account (assuming it was the month prior), does it show the actual amount of the last payment -- which may be $30 -- or the total of all payments over the course of the month, which is more along the lines of $300?
2006-11-28 04:28:01 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit
No, all it show is what the minimum payment is and the new balance. Balances are what is important if you are concerned with your credit score. Any revolving acct that has more then 50% of the balance used will impact your credit score
2006-11-28 04:42:18 · answer #1 · answered by joelkh2003 2 · 0⤊ 0⤋
Actually it will show your scheduled payment and the actual payment. If you look at your credit report there will be two entries: the Monthly Payment and the Actual Payment. The Montly Payment will be based on your interest rate, which might be $20-$30. The Actual Payment will be what you actually paid, in this case $300.
2006-11-28 04:33:32 · answer #2 · answered by Kevin K 3 · 0⤊ 0⤋
ok relies upon on how many credit you have. as an occasion i think of you would not have extra desirable than 6. What maximum folk do is they have many yet they do no longer use all. a number of them they have yet do no longer use in any respect to construct credit. Now those they use they do no longer max them out. you will desire to in basic terms use 30-40% of the amould allowed. Max ur mastercard and having too many mastercard can definite decrease ur credit. So if u in basic terms have few it honestly help build ur credit..only make ur payemnt on time and don't max it out
2016-10-13 07:05:28 · answer #3 · answered by ? 4 · 0⤊ 0⤋