08-12-2013 10:06 PM
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.
08-13-2013 03:30 AM
08-13-2013 06:11 AM
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