dfolsom Posted October 29, 2004 Report Share Posted October 29, 2004 Does anyone know when the credit cards report the balances to the CRA.I pay my credit cards off each month, but somehow the show high balances on my credit reportsThanks Link to comment Share on other sites More sharing options...
anti-something Posted October 29, 2004 Report Share Posted October 29, 2004 generally (as in not all CCs do this) they report at the time your account statement is spewed out by the computer, so if you wait to pay it off after you get your statement, they report the balance. Link to comment Share on other sites More sharing options...
alizain Posted October 30, 2004 Report Share Posted October 30, 2004 credit card co's report balance the day your statment closes .. if your statement closes on the 22nd of say nov .. the balance posted will be the balance as off that day and the update it once every month ... some companies might take a day or two more to report your closing statement balance Link to comment Share on other sites More sharing options...
Recommended Posts