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canadaam
Posts: 81
Registered: ‎08-11-2010
0

ERrr.. Capital One.

Well, this is probably my fault, but it's frustrating because I didn't think that I would have a short billing cycle. I activated my Cap1 card on 8/18/2010 and they cut my statement 9 days later 8/26/2010!!!  I thought they would carry my balance over to the next billing cycle instead of cutting it after only a few days. I guess not. I'm a fool, bc now my credit util will be reported at 40% versus the 10% I was aiming to be reported. Easy fix for next month since now I know the statement closing date. .>=[ but it hurts me inside whenever I see my score take a jump, no matter how small-- and I'm sure it will.


Starting Score (Aug 2010): EX637 EQ641 TU 650 (FAKO)
Current Score (Sep 2010): EX664 TU663 EQ677 (FAKO) // TU FICO® 651 EQ FICO® 657
Goal Score: 720

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Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010
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Re: ERrr.. Capital One.

 


canadaam wrote:

Well, this is probably my fault, but it's frustrating because I didn't think that I would have a short billing cycle. I activated my Cap1 card on 8/18/2010 and they cut my statement 9 days later 8/26/2010!!!  I thought they would carry my balance over to the next billing cycle instead of cutting it after only a few days. I guess not. I'm a fool, bc now my credit util will be reported at 40% versus the 10% I was aiming to be reported. Easy fix for next month since now I know the statement closing date. .>=[ but it hurts me inside whenever I see my score take a jump, no matter how small-- and I'm sure it will.


Phobia of temporary drop in FICO score.   Any psychology students need a doctoral thesis topic?

 

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Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
0

Re: ERrr.. Capital One.

lol

 

canadaam, I feel your pain. This isn't unusual with the first month of any card, because you just never really know for sure when they're going to start the billing cycle.

 

I still beat my head against the wall when I don't get one paid off before the statement drops, and an extra account reports. :smileyvery-happy: And I've been at this for 3 years. :smileytongue:

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

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