understanding credit report scores
understanding credit report scores
Understanding my credit accounts on my credit report?
I recently received my credit report, and saw that my bank of america credit card, still reports a balance of $120.90, though i paid this online via bank of americas website, and have even called to confirm they’ve received it. What my question is, if the update doesn’t occur till after the due date has passed. The due date for payment is 10/1/06, and was paid on 9/18/06.
So does this mean once 10/2/06 rolls around, it will update on my report to saying.. current balance : $0, or otherwise the balance i have now from future purchases.
.. Can you tell I’m young? lol I’m 18, but have already established a good credit report with a score of 734.
Most creditors report a month behind. They report from the balance you have as of your next billing period.
