Author Topic: credit score (Read 834924 times)

MC · « **Reply #260 on:** July 31, 2014, 07:37:52 PM »

Thanks guys!

bubble347 · « **Reply #261 on:** July 31, 2014, 07:40:27 PM »

Quote from: ChaimMoskowitz on July 31, 2014, 07:31:37 PM

see activity>account details

sometimes for the first statement this date changes and is not accurate.

Hence PUTPAC

ChaimMoskowitz · « **Reply #262 on:** July 31, 2014, 07:41:33 PM »

Quote from: bubble347 on July 31, 2014, 07:40:27 PM

Hence PUTPAC

and you trust what they say?

bubble347 · « **Reply #263 on:** July 31, 2014, 07:46:35 PM »

Quote from: ChaimMoskowitz on July 31, 2014, 07:41:33 PM

and you trust what they say?

They have yet to mislead me with statement closing dates but that's just my experience.

chamdena · « **Reply #264 on:** August 01, 2014, 05:19:19 PM »

I had 75k outstanding between two charge cards. I payed them up today. Ought I wait to do an apporama? Or will the paid down balances be reflected in my score/report immediately?

Joe4007 · « **Reply #265 on:** August 01, 2014, 06:39:32 PM »

Quote from: chamdena on August 01, 2014, 05:19:19 PM

I had 75k outstanding between two charge cards. I payed them up today. Ought I wait to do an apporama? Or will the paid down balances be reflected in my score/report immediately?

When's the statement closing date?

Joe4007 · « **Reply #266 on:** August 01, 2014, 06:46:30 PM »

Quote from: MC on July 31, 2014, 07:25:48 PM

I guess the drop in my score makes a little more sense now
How can I tell with Chase when my first statement will close? Amex online says it straight out for each account but I don't see that for Chase. Am I missing something?

That's exactly why I asked you if you maxed out even ONE of your cards. Especially since you were looking at your score provided by Barclays which uses a TU '08 FICO and to quote Dan: "Penalizes you even more for a high utilization ratio both individually and collectively for your cards."

Quote from: Joe4007 on July 30, 2014, 11:51:42 PM

Did you by chance max out one of your cards?

MC · « **Reply #267 on:** August 01, 2014, 06:49:23 PM »

Quote from: Joe4007 on August 01, 2014, 06:46:30 PM

That's exactly why I asked you if you maxed out even ONE of your cards. Especially since you were looking at your score provided by Barclays which uses a TU '08 FICO and to quote Dan: "Penalizes you even more for a high utilization ratio both individually and collectively for your cards."

The numbers above were just an illustration. It was really $600 out of a $2000 limit which I wouldn't call "maxed out" but this is all good to know!

chamdena · « **Reply #268 on:** August 01, 2014, 07:09:10 PM »

Quote from: Joe4007 on August 01, 2014, 06:39:32 PM

When's the statement closing date?

In two weeks

Joe4007 · « **Reply #269 on:** August 01, 2014, 07:15:55 PM »

Quote from: chamdena on August 01, 2014, 07:09:10 PM

In two weeks

I assume it closed 2 weeks ago with the balance? If so, I believe you'll have to wait 2 more weeks for the next statement closing date.

googwallet · « **Reply #270 on:** August 03, 2014, 07:30:18 PM »

Quote from: MC on July 30, 2014, 10:11:01 AM

I got emails from both Barclays and Capital One Credit Tracker that my score dropped. On one it went down 40 points and on the other it went down about 20... I know these are both FAKOs but does that probably mean my score dropped some-what?

Barclays is not a FAKO.
Its your Fico based on your TU report.

Centro · « **Reply #271 on:** August 03, 2014, 07:36:45 PM »

Where's the cheapest place to monitor my credit score (Fico obviously)?

bubble347 · « **Reply #272 on:** August 03, 2014, 09:58:59 PM »

Quote from: Centro on August 03, 2014, 07:36:45 PM

Where's the cheapest place to monitor my credit score (Fico obviously)?

I use my fico monitoring though it's equifax. I think they charge $15 a month but the price is very haggleable.

chamdena · « **Reply #273 on:** August 03, 2014, 11:31:13 PM »

I have the credit cards. Say one closed on the 1st with high balance, 2 closed on tenth with high balance, 3 closed on 20th with no balance plus 1 and 2 paid up. Am I good for app? Or need to wait til the cards that closed with balances close again without balances?

bubble347 · « **Reply #274 on:** August 03, 2014, 11:36:02 PM »

Quote from: chamdena on August 03, 2014, 11:31:13 PM

I have the credit cards. Say one closed on the 1st with high balance, 2 closed on tenth with high balance, 3 closed on 20th with no balance plus 1 and 2 paid up. Am I good for app? Or need to wait til the cards that closed with balances close again without balances?

Best option.

chamdena · « **Reply #275 on:** August 03, 2014, 11:36:42 PM »

Quote from: bubble347 on August 03, 2014, 11:36:02 PM

Best option.

Roger. 20/4

Centro · « **Reply #276 on:** August 07, 2014, 12:48:06 PM »

Quote from: bubble347 on August 03, 2014, 09:58:59 PM

I use my fico monitoring though it's equifax. I think they charge $15 a month but the price is very haggleable.

Experience?

joey123 · « **Reply #277 on:** August 10, 2014, 02:52:13 AM »

Quick question about credit utilization, and its affect on your CS.

I accidentally spent my credit line on 1/4 cards as the bill closed two days before I thought it did. So the credit line was 6K and I spent 6K. Will this only negatively affect my credit for 2 months? What has been people's experience with this?

TIA

Joe4007 · « **Reply #278 on:** August 10, 2014, 03:23:34 AM »

Quote from: joey123 on August 10, 2014, 02:52:13 AM

Quick question about credit utilization, and its affect on your CS.

I accidentally spent my credit line on 1/4 cards as the bill closed two days before I thought it did. So the credit line was 6K and I spent 6K. Will this only negatively affect my credit for 2 months? What has been people's experience with this?

TIA

Why 2 months? AFAIK only 1 month until your next statement closing is reported.

joey123 · « **Reply #279 on:** August 10, 2014, 03:28:24 AM »

Quote from: Joe4007 on August 10, 2014, 03:23:34 AM

Why 2 months? AFAIK only 1 month until your next statement closing is reported.

Okay. Thanks, so there is nothing to worry about. Just wanted to confirm.

Topic Wiki

Author Topic: credit score (Read 834924 times)