Quote:
Originally Posted by WarChild
I don't think this part is correct.
I know from personal experience of paying of my credit cards each month that the balance is reported to my credit report before I make the payment on the card. I think you'd have to pay the balance off before they issue the statement to have it come out as $0. At least that has been my experience in Canada.  |
If you wait until the statement, dont they asses you interest? You need to pay it off prior to the end of the billing period otherwise they assess interest for that month afaik.