Credit card Utilisation when to pay statement

2e0arr

Nic_c thanks ,,  it says on on MSE credit club,
just checked it says This report 22/03/2020 Next report available 21/04/2020.
On Dashboard  page its says, Credit utilisation You're using quite a low proportion of the credit available to you. This is usually good, as lenders are likely to be reasonably confident you'd be able to pay them back if they lent to you.

I have 2 CC's with  statements dates of 8th of the month and 13th of the month

2e0arr

if you say im inexperienced then ill have to live with it. i consider your response as unfriendly and really have no wish to discuss anything with you so please do not respond to me from now please.

aleeam

Have your banks extended the credit card payout date in wake of Coronavirus? 

2e0arr

aleeam said:

Have your banks extended the credit card payout date in wake of Coronavirus? 

no has yours?

Mr87

Fwiw as a lurker it took me a while to understand the point about scores and why lenders don't care about them. Appreciate that people here get asked qns all the time about scores , so it's easy for impatience to set in and replies can appear curt. However, don't take it personally - they're just getting straight to the point.
To elaborate on the point slightly, lenders care about *data*, not the score . Your score is generated using the same (ish) data, but it is just for you. So going up to 999 means nothing to a lender. They use their own algorithm to work out if they want to lend to you or not. So you see, it's not worth bothering in working out how to get a score of 999 as an end in itself? It is only loosely correlated (at best) whether a lender will lend to you or not. 

RG2015

2e0arr said:

Nic_c thanks ,,  it says on on MSE credit club,
just checked it says This report 22/03/2020 Next report available 21/04/2020.
On Dashboard  page its says, Credit utilisation You're using quite a low proportion of the credit available to you. This is usually good, as lenders are likely to be reasonably confident you'd be able to pay them back if they lent to you.

I have 2 CC's with  statements dates of 8th of the month and 13th of the month

You are missing one important piece of information and that is the date that your credit card company reports to Experian. This is different to the date that your MSE credit report is updated.

In the Credit Report section of your MSE Credit Club account, click on Credit Accounts where there is a column headed last updated with a date against each account. This is usually days if not weeks before the MSE date, in your case 21st April. You will also see that the balance reported is quite different from your actual balance at that date.

PS If you delay logging in to your MSE account the date will change. For example waiting until 30th April will change your monthly date from the 21st to the 30th. Not sure if this would help you but it may be useful to know.

2e0arr

RG2015 yes checked it and one account shows 1/3/2020 and the other shows 15/3/2020.

 the 1/3/2020 shows a balance which mirrors my feb statement .

this is not important of course but its a curiosity to me to understand how these things work. My cunning plan will be to pay about the 16/17 of April in full and observe for next few months and see if an when credit dcore (i know its not important LOL) rises or falls

2e0arr

Edited >  Mr87 said:

 Appreciate that people here get asked qns all the time about scores , so it's easy for impatience to set in and replies can appear curt. However, don't take it personally - they're just getting straight to the point.

Mr87 thanks for the reply and I appreciate your response. I don't take it personally. if I consider a response as unfriendly thats my choice. If someone decides to join in to my response to another persons  reply that i consider unfriendly i'm really not interested in what they have to say and I consider they are not interested in my chat they may have other motives.  I try to be polite and send in a report.

D3xt3r5L4b

2e0arr said:

D3xt3r5L4b please read and consider the forum rules 

Why?
No one here is bothered about “scores” dropping or increasing and neither should you be. 

2e0arr

D3xt3r5L4b said:

2e0arr said:

D3xt3r5L4b please read and consider the forum rules 

Why?
No one here is bothered about “scores” dropping or increasing and neither should you be. 

You are so right and I apologise. Your comments are valuable to me and i welcome all to respond to anything I post on this forum.