topic Re: Well at least I tried :) in Credit Cards

Well at least I tried :)

LS2982 — Sat, 06 Oct 2012 00:36:08 GMT

So my PSECU BT finally cleared on the card and new balance is reporting. Called in today and asked them if they can do a manual update for me, no dice unfortunately. They can only report once a month.

So now i'm stuck with false overall util. until next month. I really hope I don't get SP'ed by any of my creditors. I'm up to 40%. :smileysad:

Re: Well at least I tried :)

TNTransplant — Sat, 06 Oct 2012 00:44:40 GMT

You will be fine.

Heck, when I started paying things off this year my overall utilization was over 70%. I'm sure they were softing me regularly, but no AA resulted.

Next month all will be well... :smileyhappy:

Re: Well at least I tried :)

maiden_girl — Sat, 06 Oct 2012 01:42:04 GMT

I need to call some CC companies myself and have them update my info. My new increases aren't reporting quite yet...

Re: Well at least I tried :)

navigatethis12 — Sat, 06 Oct 2012 01:54:32 GMT

I think you are thinking too much of this. If you had just opened ten new cards and all of them reported as maxed out, then you may have problems. While 40% may be slightly high, it is not that big of a deal.

Re: Well at least I tried :)

RyVision — Sat, 06 Oct 2012 02:12:14 GMT

LS, 40% isn't a big deal, it sounds a bit high if you're in the market for a credit product, but otherwise, lenders don't see that as worrisome. I bounce between 20 an 85% all the time, score follows up and down but there's never been an AA from it. Actually, near the higher end of the scale was when Discover called and gave me a CLI.

I really don't think you have anything to worry about at the 40% level.

Re: Well at least I tried :)

LS2982 — Sat, 06 Oct 2012 02:16:37 GMT

Thanks guys, was kinda depressed about it today. Them O's can help with a WIN!!! :)

Re: Well at least I tried :)

MountainHiker — Sat, 06 Oct 2012 02:25:03 GMT

LS2982 wrote:
So my PSECU BT finally cleared on the card and new balance is reporting. Called in today and asked them if they can do a manual update for me, no dice unfortunately. They can only report once a month.

So now i'm stuck with false overall util. until next month. I really hope I don't get SP'ed by any of my creditors. I'm up to 40%. :smileysad:

I'm sure you'll be ok.Do creditors put a great deal of store in our utl even after we get the card? I was under the impression that a medium percentage utl is not that bad as long as we dont carry high utl month after month. What is your opinion?

Re: Well at least I tried :)

MountainHiker — Sat, 06 Oct 2012 02:27:18 GMT

maiden_girl wrote:
I need to call some CC companies myself and have them update my info. My new increases aren't reporting quite yet...

I wish it was possible to get Wells Fargo to update on request but so far its a no go.

Re: Well at least I tried :)

maiden_girl — Sat, 06 Oct 2012 02:38:35 GMT

Yea 40% UTIL isn't bad...all my reports are reporting HIGH UTIL and haven't updated in a few. Annoyed beyond reasoning! LOL.

Re: Well at least I tried :)

beautybrainsbooty — Sat, 06 Oct 2012 02:52:48 GMT

Ok. Listen. Look at me. 40% is nothing. In the whole scheme of things you will be fine. It had to get over my own near manic utilization fears and realize that I am being responsible, paying off my CC debt "early & often" like never before. Creditors love to see you use their cards! The only time I worry about util is when I am going to app. Just let everything post and update. Its ALL GOOD!!! ;)

Re: Well at least I tried :)

jd5189 — Sat, 06 Oct 2012 04:46:03 GMT

On the plus side, I had to call PSECU today as well... great CS!!!!!

Re: Well at least I tried :)

AZHeather — Sat, 06 Oct 2012 05:00:44 GMT

40%...meh...wouldn't worry. I don't think the creditors jump the gun on a one month review anyhow. If they see extremely high utilization continuously for several months, maybe. Your situation...nahhh. Don't worry and sleep well my friend.

Re: Well at least I tried :)

RockinRay — Sat, 06 Oct 2012 13:46:44 GMT

No worries LS. Everything is cool...

Remember, "worry is like interst paid on money not yet due"! I tell myself that daily... :smileytongue:

Re: Well at least I tried :)

SpiceIslander — Sat, 06 Oct 2012 15:56:10 GMT

beautybrainsbooty wrote:
Ok. Listen. Look at me. 40% is nothing. In the whole scheme of things you will be fine. It had to get over my own near manic utilization fears and realize that I am being responsible, paying off my CC debt "early & often" like never before. Creditors love to see you use their cards! The only time I worry about util is when I am going to app. Just let everything post and update. Its ALL GOOD!!! ;)

I was recently approved for BCP, FNBO & Simplicity with util >50%. ( Iknow, I know - but that was down from 75% a few months prior.)

Although 40% is not ideal, it's really not that bad. Cheer up, LS!