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Member Since: August 2015
Thank you for the response! I thought I was kinda on the right track. But I just got confused about when they reported the statement vs. when my bill is due. And if the report date is 19th, how does that help me if I pay off the balance by the 16th. Ugh. Its so frustrating, but I see what you're saying, its basically a spending period before the bill due date that shows my balance, but their will still be things that I brought that won't be on the cycle, which will help that 19th reporting date.
EmsLemonds's reply was:
I got a car loan at a credit score of 619 and the car was worth a little more than $8,000. And I also didn't have as high of a downpayment. I think with your score and the downpayment you should probably be able to get a financier at your current rate now. Good luck!
EmsLemonds's response was:
I'm thinking then I shouldn't pay the full balance when its due on the 16th then, in order for it to be reported on the 19th. But won't that accrue a hefty amount of interest, and also affect my score, not paying a full balance on time?