Paying off early

[quagmire]

For those who have paid off their balances early( in full), did it change the due date for new charges to October 31st or new charges still due September 30th with September 30th effectively being change over for each months statements?

 

[DVNIEL]

Does not change the due date. You have to request for that.

 

[rugmankc]

Only your September purchases will show due date of 31 October. Anything bought this month will still 30 September.

 

[Legion103]

Does paying your balance early (or before the due date) help your credit score ?

 

[rugmankc]

I would say not--

Late payments
Opening and Closing Accounts
High Debt to Equity Ratio
Bankruptcy

Are some items that will

 

[Böhme417]

Does paying your balance early (or before the due date) help your credit score ?

I would say not--

Late payments
Opening and Closing Accounts
High Debt to Equity Ratio
Bankruptcy

Are some items that will

Paying your balance before your statement date can help you, but paying anytime between when your statement is issued (usually when usage is reported) and the due date makes no difference. Of course, this only matters if your utilization is high enough to have any effect.

 

[Legion103]

Paying your balance before your statement date can help you, but paying anytime between when your statement is issued (usually when usage is reported) and the due date makes no difference. Of course, this only matters if your utilization is high enough to have any effect.

Thank you for the reply! Do you suggest waiting until your statement and due date is formalized before paying the balance?

(To help the credit)