Credit

[Reb Jo]

Does it make a deference on your credit if every month, on every card, you spend $1 and pay it? 

[creditor]

Does it make a deference on your credit if every month, on every card, you spend $1 and pay it?

very not specific!
difference vs what?
if you mean vs having a 0 balance, then the ans is NO a statement closing of 0 balance is they same as a statement with 1$ balance, as far as your credit report

[Reb Jo]

is it better for your  credit that you psid something off, or is it the same that its a 0 balance?

[creditor]

is it better for your  credit that you psid something off, or is it the same that its a 0 balance?

PAID what off ? in general your CR only contains statement balances not the date or amount you paid off unless your making a late payment,
a ratio of 5%-10% of your credit used is considered to be the best for your credit

[Reb Jo]

and i dont have any thing to pay off is that the same?

[creditor]

and i dont have any thing to pay off is that the same?

if you dont have anything to pay off thats a 0 balance which is the same as 1$ balance,
but again having a 5-10% ratio 'might' be better

[AJK]

very not specific!
difference vs what?
if you mean vs having a 0 balance, then the ans is NO a statement closing of 0 balance is they same as a statement with 1$ balance, as far as your credit report

-1

Having $1 on your statement not only prevents being shutdown for "inactivity" but according to reports, people with 1% util % have, on average, scores that are 60+ points higher than those with 0%.

[Dan]

-scores that are 60+ points higher than those with 0%.

FICO or FACO? 

[creditor]

-1

Having $1 on your statement not only prevents being shutdown for "inactivity" but according to reports, people with 1% util % have, on average, scores that are 60+ points higher than those with 0%.

-100

FICO or FACO?

+1
on FACO [especially when you look at it through credit carma] they're might be a difference, and even there only when the ratio is from 5%to10% then your score will be higher vs 0% your score will be lower,
HOWEVER on FICO, your wrong, from experience: my wife had 0% ratio for ages on two cards, her FICO [via myfico.com] was 806, lately she started spending on her cards for a couple of months, still her score is 806

[AJK]

FICO or FACO?

If I had to guess, FAKO.

[Dan]

If I had to guess, FAKO.

Then I'm not sure what your point is.  I can make my own FAKO scoring system now and give 999 points for picking your nose, but no credit card is going to use my FAKO.

[AJK]

Then I'm not sure what your point is.  I can make my own FAKO scoring system now and give 999 points for picking your nose, but no credit card is going to use my FAKO.

Point is simple, you picking my nose aside:

1) Having $1 on your statement prevents being shutdown for "inactivity", and
2) having a 1% util % shows an active credit profile with positive payment history. Lenders (no matter who they are) like to see that you can use a credit card and pay it off on time whether or not they use FICO/FAKO/proprietary.

HOWEVER on FICO, your wrong, from experience: my wife had 0% ratio for ages on two cards, her FICO [via myfico.com] was 806, lately she started spending on her cards for a couple of months, still her score is 806

You realize that proves nothing, right?

[creditor]

Point is simple, you picking my nose aside:


2) having a 1% util % shows an active credit profile with positive payment history. Lenders (no matter who they are) like to see that you can use a credit card and pay it off on time (whether or not they use FICO/FAKO/proprietary.

so why are you saying..

people with 1% util % have, on average, scores that are 60+ points higher than those with 0%.

[creditor]

You realize that proves nothing, right?

no! your absolutely wrong FICO doesn't change whether 0% util or 1% util
you might have read 'reports‘ I'm talking from experience

[AJK]

no! your absolutely wrong FICO doesn't change whether 0% util or 1% util
you might have read 'reports‘ I'm talking from experience

Hmm... how do I explain this...

If 10 factors influence a score and you manipulate one, it is illogical to then start yelling how you've found conclusive proof that your factor (in this case util %) was the factor that compelled the movement (or lack thereof).