How do multiple credit card payments impact credit reports?
Posted in Credit on 05/26/2008 10:27 pm by admin
D A asked:
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?
CARY
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?
CARY