Statement date and due date confusion

  • John24ssj's Avatar
    Hello, Seems like I got stuff confused and been paying off my current balance compared to statement balance. My statement date is 19th and due by date is the 8th. From what I understand I was paying of my current balance to £0 before the 8th. But what I should have been paying is my statement balance. So at the moment my current balance is £0 but the Statement balance is £639.09. On payments page I kept always ticking other: and paying off my current balance. So just to check by the 8th of every month I should only tick statement balance: and pay that off? Thanks :)
  • 2 Replies

  • Verified Answer

    MichelleC's Avatar
    Employee
    Verified Answer
    Hi ,

    Your statement balance is the amount that was owed on your account for the date range on your latest statement. Your current balance may be different if you've spent or made additional payments since your statement was produced. In order to avoid interest you would only have to pay your statement balance each month in full and go with the figure that's generated for you (as long as you haven't made more payments since it was produced as this figure won't automatically update!).

    I hope that makes sense! :-)

    - Michelle
  • sarah_d's Avatar
    Community Manager
    - if Michelle's answer helped, please can you accept the solution so it is stored for everyone?

    Thanks - Sarah