$ -31 monthly payment, how do I?

Question

$ -31 due november 4th (Payment date due on the 4th every month)
$18.95 pending
$26.10 current ballance
Last payment date 10/15/07 $51.83
Credit limmit = $500
Availale credit = $454.95

How do I pay on the things I buy before the 25-30 day is up to avoid the interest and have the best credit report? What happends if I pay to the credit card after I buy something from 3 days ago then buy something 7 days later and send the money in and I keep building this - negative amount that I have soon I may go over the 30 % avilable credit and still be in the - negative owled?

Do I wait untill 12/04 what ever amount tha I will O by that time.

And will having a balance of say like $40 with a min of $20 a month be the same or worse than having no balance for that month for my credit score?

Answer 1

Negative balance on your credit card is not helping your credit score. Credit vendor reports the ending balance on your monthly statements with minimum payment. Amount of payment does not matter. Balance needs to be positive and less than 40% of credit limit to boost your score to highest possible level. Pay balances in full to avoid financial charges. No reason to pay for your puchases several times a month. Let your money gain interest on saving account instead. So, it is better to have balances than no or negative ones.

Answer 2

ok, -31 means you have a credit, its not a bad thing as far as credit score. what you could do is what until the 18.95 clears see what your amount is (payment) then pay that whole amount so that you will have a low bill every month. as far as having the 40 with a min of 20 that cant happen they will probably say 10 min, thats usally the lowest they will go. but if you are still confused give your credit card a call and speak with one of the reps and they might make it easier for you to understand. but my advice since the limit is 500 dont go over 250 that way you will always be in good standings with your credit, they wont say that you spend more than what your putting back. hope that helps

Answer 3

Your question is long and complicated, but as long as you pay the minimum payment before due date, no bad strike is reported to credit score companies. You don't have to pay the whole balance at once, just the minimum payment.

Answer 4

your interest is based on how much you owe. if you only owe $40 with %6 interest then you'll only be paying 2.40 a month. The main thing is to make your payments on time or they'll raise your interest rate up to and over %20.

Answer 5

St up to view and pay your account online, when you see the pending become actual, pay the account

Answer 6

you may constantly attempt and that i rigidity attempt to renegotiate your interest fee no count in case you get it decreased is yet another tale. in case you have a large credits score and are cutting-edge on all money your loan lender could be greater agreeable to a decrease fee.

Answer 7

establish a checking accountjust before da due date pay by phone.

simple