First Month about to Cut, Is Util going to hurt me

[tornadoguy]

I know its probably ridiculous to ask, but don't want to screw up here. For various reasons, I've got a charge I want to make in the pre-statement danger zone (closes the 20th). Is a reasonably high utilization reporting (290 out of 500) for the first month of a card going to upset my reports and potential for an auto CLI? Usage history for the month has been pretty much charge, post, paid off to keep util down (~1k through if I get this charge on). Now its possible the charge will post, and Ill be able to pay before the statement closes, but if not is this really a bad thing?

How long is util retained on your report?

[longtimelurker]

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@tornadoguy wrote:

I know its probably ridiculous to ask, but don't want to screw up here. For various reasons, I've got a charge I want to make in the pre-statement danger zone (closes the 20th). Is a reasonably high utilization reporting (290 out of 500) for the first month of a card going to upset my reports and potential for an auto CLI? Usage history for the month has been pretty much charge, post, paid off to keep util down (~1k through if I get this charge on). Now its possible the charge will post, and Ill be able to pay before the statement closes, but if not is this really a bad thing?

How long is util retained on your report?

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Utilization is just a snapshot, so for score purposes, previous high utilizations don't impact future scores.  Hence micro-managing util only matters if you are about to app, or think a creditor might give you a score-based auto-CLI.  This is unlikely in the first month, so I wouldn't worry at all.

[takeshi74]

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@tornadoguy wrote:

How long is util retained on your report?

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It's not.  As stated above, utlization is a snapshot.  "Current" is implied in utilization.

[myjourney]

For Fico scoring UTL has no memory ....

So last months UTL has no effect on this months scoring

Only this month UTL has an effect on this months scoring