Usually companies report their credit stats every 30 days.
If you religiously pay off your cards before they are due, then the submitted balance will always be zero. This will only show that you "have credit" it gives no indication to how you pay off long term debt.
If you have a mortgage, student loan or car loan of some sort, it gives a history of consistently making payments over a period of time. This is a key consideration when considering your credit score.
Is it possible to be declined credit for having credit that is too good?
by Elsewhere 21 Replies latest jw friends
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Paralipomenon
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MeneMene
I just looked at my Experian report from last year and it lists my ending balance every month on my Discover card and Visa card for about 2 years. The statement closes on a certain date and the statement is mailed out. My payment is always received before the due date but the balance on the account when the statement closes is what is reported.
TransUnion doesn't list the months individually but it does show the 'current' Balance and then the High Balance and Credit Limit.