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Personal Finances / Buying or Selling a Home


Subject:  Re: Debt-to-income ratio if self-employed Date:  2/12/2013  10:55 PM
Author:  Rayvt Number:  124749 of 128887

FWIW, I would think that just making sure you overpay each month by $2K (or whatever) would give the same sort of result, without having to make weekly payments.

Correct. Just pay it a few days before the statement closing date, so the balance is near zero.

Despite what CC seems to believe, I can't imagine that a card company will report a balance that is other than the statement balance. They may or may not *report* it on that date, they may report on the 1st of the month or something. But I can't imagine that they report an interim balance, just the statement balance. Certainly, the times I've looked at my credit report or had it pulled, that's what was on the report--the last statement balance.

But, who knows? CC may be right and me wrong. She just seems to delight in being difficult.
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