Credit Cards

[CruzImperial]

What in the piss was that ahahah. Jim carry must be proud. Now going back to the topic, I also experienced a 30-40 point reduction after my last app spree. I assume our scores will recover to their fullest in a year of good use though. The higher total CL helps util when expending in big purchases and higher Cls breed similar ones.

[tbolt2]

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LS2982 wrote:
Lol cut the guy some slack!

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LOL....They did !  I've been on some forums that would have repsonded as if he kicked puppies and drowned kittens with that post

[praise123]

Hopefully this reads better. I can assure you that I can read and write. In fact, I have 2 Masters and Ph.d from University of Penn. My only challenge is needing  a new computer which I don't want to use credit to buy. Now laugh at that! 

[tinuviel]

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praise123 wrote:

Hopefully this reads better. I can assure you that I can read and write. In fact, I have 2 Masters and Ph.d from University of Penn. My only challenge is needing  a new computer which I don't want to use credit to buy. Now laugh at that! 

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I've read plenty of your posts, and I know full well that you write intelligibly and articulately. At times, our electronic devices can have rather odd ways of expressing things for us.

[Open123]

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praise123 wrote:

Hopefully this reads better. I can assure you that I can read and write. In fact, I have 2 Masters and Ph.d from University of Penn. My only challenge is needing  a new computer which I don't want to use credit to buy. Now laugh at that! 

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LOL...Pretty clear you were using some kind of "difficult to type" contraption.

Anyway, having 0% with a single card reporting a minor balance is great a maximizing a numerical Fico score; but, not letting balance report may hurt you with some potential issuers.  Citi comes to mind, who routinely rejects applicants for "too little balances" reporting.  Amex would routinely reject an applicant for not paying or using their cards enough.

Some issuers will report your payments, eventhough your balance is 0.  BofA and Amex comes to mind here.  They both report what you've paid, even if you paid before your statement cuts with 0 balance.

On the other hand, Discover, Wells Fargo, and CapOne (others too) will report your balance, but contain no information on payments rendered.  This gives the impression you're not using your cards.

Ideally, you'd want low utility with positive history of using and paying your cards to optimize your chances of future approvals.

Good luck!

[calihlove75]

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praise123 wrote:

Hopefully this reads better. I can assure you that I can read and write. In fact, I have 2 Masters and Ph.d from University of Penn. My only challenge is needing  a new computer which I don't want to use credit to buy. Now laugh at that! 

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I thought it was pretty cute and after the day I had I needed the laugh..so thank you!

[Tommy5746]

Note to self: Don't post on Myfico forums after sippin' back on grandpa's old cough medicine

[ssghandless]

We all appreciating you posting your results. Let us know what cards you were approved for the deinied ones. That would help other posters that are planning on going on a spree. Thanks again.