@Anonymous_ your credit rating can change Most creditors report to credit bureaus monthly. However, they report data at different times throughout the month, and they may report to only one or two credit bureaus instead of all three and the dates can vary, it's definitely not just the last day of the cc cycle as I've seen my credit report post with mid-cycle balances where the payment has not been made but new charges are also included. The credit bureaus add new information once it's reported to them and impacts your score as reported. I have perfect credit, we just pay balances in full monthly. Only time our credit is not perfect is 2x a year when we put our sons tuition on the cc which drops it from perfect 5 to 10 points depending on other outstanding balances. We took a hit to our credit at one point and closed all those ridiculous store cards and it dropped 50 points for a few months and we had a lines increased on a few, net result is other then those few months we are both perfect credit. All CC paid in full monthly, no exceptions here.
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**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
