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Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
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Re: Have a interesting situation coming up

I hear ya. I had to let a card report this month with a high balance due to storm related items. Indy score today dropped 30 pts from this utilization change. I've already paid off card and paid all my other balances on new cards except for zync. I'm nervous as hell right now with this temporary bump on my CR. Next month ill gain pts back but don't like having this drop on report so soon after getting new cards. 



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

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Established Contributor
Posts: 772
Registered: ‎01-03-2012
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Re: Have a interesting situation coming up


Duncanrr wrote:

I hear ya. I had to let a card report this month with a high balance due to storm related items. Indy score today dropped 30 pts from this utilization change. I've already paid off card and paid all my other balances on new cards except for zync. I'm nervous as hell right now with this temporary bump on my CR. Next month ill gain pts back but don't like having this drop on report so soon after getting new cards. 


This.

 

I transferred several balances to one card to take advantage of a 0% BT offer, but only because the card was being upgraded to a Signature card that does not report the CL.  So, I'm at  80% utilization right now and the card still hasn't changed to the signature version (statement updates in one week!).  And I've gotten 3 new cards over the past 6 weeks, so yeah, I'm worried, too; I would hate for anything to jeopardize my relationship with the new card issuers...


Starting Score: Jan 2012: EQ - 659, TU08 - 670, EX - ???
Current Score:April 2014: EQ - 772, TU08 - 782, EX - 754
Last App:3/21/14

Moderator Emeritus
Posts: 11,282
Registered: ‎12-30-2011
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Re: Have a interesting situation coming up

A one month swing in balances is never something to sweat. Credit cards are designed for short-term float, it's not a big deal.

This forum is way outside the bell curve, AA is not nearly as common as the members of this forum make it out to be.

Go back to your normal habits / balances next month (or at least making progress on them) and you'll be fine.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Established Contributor
Posts: 772
Registered: ‎01-03-2012
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Re: Have a interesting situation coming up


Revelate wrote:
A one month swing in balances is never something to sweat. Credit cards are designed for short-term float, it's not a big deal.

This forum is way outside the bell curve, AA is not nearly as common as the members of this forum make it out to be.

Go back to your normal habits / balances next month (or at least making progress on them) and you'll be fine.

Thank you, Community Leader (congrats on this, by the way) :smileyhappy:


Starting Score: Jan 2012: EQ - 659, TU08 - 670, EX - ???
Current Score:April 2014: EQ - 772, TU08 - 782, EX - 754
Last App:3/21/14

Moderator Emeritus
Posts: 11,282
Registered: ‎12-30-2011
0

Re: Have a interesting situation coming up

Thanks TNT :smileyhappy:
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)


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