Statement Day

The balance a lender sees is the one on your statement. Not the one you pay off later. Most people pay their card in full every month and still show a high balance on their credit report, because the balance that gets reported is whatever was on the statement the day it closed. Pay after that and the damage is already done for the month. Statement Day works out what to pay each card, and by which day, so the number that reaches your credit report is the number you meant. TELLS YOU THE DAY YOU ARE CLEAR TO APPLY Set the day a lender will pull your report. The app works backwards through every card, adds the lag between a statement closing and the balance appearing on your file, and gives you the first date everything will have reported the way you planned. TURNS THAT INTO A LIST OF PAYMENTS Each card gets a pay-by date and an amount, chosen so the card reports what you want it to. Pay by…