Established Contributor
Posts: 687
Registered: ‎08-14-2008

Re: $0.00 balances across the board

Repo-ed wrote:
i did leave $500 reporting for score purposes - though 7k across several accounts was not really impacting my score, it was bothering me immensely!

I know that feeling SO WELL!  I'll buy something on my Amex card or another card and pay it off a week or so later.  It really bothers me to be owing anything!  Right now I'm only floating my Citi Simplicity balance (1200 left from replacement window purchase) and Best Buy because they have 0% interest on them.  Everything else gets PIF before statements cut.  But I do agree, for FICO scoring purposes you do need to show some utilization otherwise it will drop your score.

CCs: Chase Freedom World MC 6.9k, CSP VISA Sg 7k, BofA Amex 12.5k, Discover 10.5k, US Bank Cash+ Visa Sg 12.5k, Macy's Amex 8k/1.5k, Gap Visa 10k, Best Buy 11.1k, Citi TY MC 10.8k, Citi AA Amex 6k, Nordstrom Visa Sg 10k, Amex Zync, Costco Amex 12k, BofA CR Visa Sg 17k, Amex BCP 9.5k, Amex Blue 5k, Sears MC 9k, HD 7k, Target 600, Amazon 7k, US Bank MC 15k, US Airways MC 4k, NFL Visa 4k, Patelco Visa 10k, Penfed PR Visa 44.6k, Chase United Visa Sg 13k, Chase Marriott Visa Sg 8k, Citi Simplicity 13.3k, PayPal MC 5k, Compass Visa 4k, WF Visa Sg 14k, FNBO Amex 14.1k, OCCU VISA 15k, TR Visa Sg 13.3k, Capital One QS Visa 11k, FRN MC 13.5k, HSN 4k, Saks WEMC 10k/4k, Chase Ink 18k, Barclay Arrival 10k, Ebates Visa Sg 8k FICOs as of June '14...EQ 808 TU 804 EX ?
Frequent Contributor
Posts: 283
Registered: ‎08-08-2011

Re: $0.00 balances across the board

Huge congrats, OP! :smileyhappy:
MyFICO Scores: 724 (EX 07/06) | 688 (EQ 07/06) | 681 (TU 07/06)| Gardening until... Sept 2014? | Last escape: July 10, 2014 | Amex Plat NPSL | Amex PRG NPSL | Amex Business Gold NPSL | Amex Delta Reserve 12,900 | Chase Sapphire Preferred 22,000 | Chase Freedom 20,000 | Walmart 15,000 | Capital One Quicksilver 2,500
Valued Contributor
Posts: 2,098
Registered: ‎12-29-2011

Re: $0.00 balances across the board


The truth is out there...
FICO scores: 764 (EQ) 732 (EX) 757 (TU) 9/14 | Goal score: 750+ (all 3)
Tradelines: Capital One QS NPSL (5.0k) | Discover IT (6.0k) | Walmart Mastercard (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)

Posts: 80
Registered: ‎01-10-2013

Re: $0.00 balances across the board

That's awesome! Must be a great feeling. Congratulations!


I notice feeling so much pressure to hold onto the debt until the day the statement cuts just for scoring...but it feels so much better just owing nothing.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+