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Frequent Contributor
CredittotheMax
Posts: 270
Registered: ‎01-01-2013
0

Re: Help me pay my bills

From looking at those cards, your debt doesn't look that bad. Just see if you could pay them all off at once or get them transfer to one or two cards.

For future references, try to only charge 2-3 cards a month and pay it off before charging more. Charging all the card at once we get messing and you think you have a lot of debts. I'm in college right now and money is tight and I manage just fine, so if I could do it, you definitely can too.

$3.5k$4.5k$2k$4k$2k

FICO = EQ: 729 (6/13) TU:744 (12/27) EX: ?
Valued Contributor
boomhower
Posts: 1,863
Registered: ‎09-20-2011
0

Re: Help me pay my bills

Having all of your cards report a balance certainly hurts your score.  Ideally you want only one card reporting with a balance <9% of it's limit.  The more that report the more you get dinged. 

Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Help me pay my bills

 

 

All cards at 0%

 

and one card @ 2% of total credit limits


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012
0

Re: Help me pay my bills


distantarray wrote:

 

 

All cards at 0%

 

and one card @ 2% of total credit limits


Not sure what that last bit means.  Is that the peak for the various profiles?  Because the graph appears to show different utilizations across the x axis.

Established Contributor
kroberts67
Posts: 833
Registered: ‎03-04-2013
0

Re: Help me pay my bills

Why does it drop so much go to from 2% to zero UT?



FICO: EQ 722 | TU 723 | EX 718
SFFCU Visa $11.3k + LOC $5k, USAA Amex $6k, USAA MC $7k, Amex BCE $13.5k, Cap1 $4k, Freedom $5k, Slate $3.2k, Barclays SM $5k.

My Credit Repair Journey
Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Help me pay my bills

if you have 5 cards at $2,000 limits = $10,000 total limits

 

 

1. charge this one to 2% of total limit  $400 on total $10,000 limit.

2. $0

3. $0

4. $0

5. $0

 

 

optimal for Fico, been testing this out for a while following that Chart. It works very well.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Help me pay my bills


kroberts67 wrote:

Why does it drop so much go to from 2% to zero UT?


cause it makes you appear as an inactive user.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
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HiLine
Posts: 3,176
Registered: ‎10-19-2012
0

Re: Help me pay my bills


distantarray wrote:

 

 

All cards at 0%

 

and one card @ 2% of total credit limits


This is the most awesome graph I've seen on this board. Thanks for digging it out! :catvery-happy:

 

OP: the ratio of cards with balances to total cards is also an important scoring variable. If I were you I would pay them all off if possible, or pay toward the highest interest first if the former is not an option.

 

Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Help me pay my bills


HiLine wrote:

distantarray wrote:

 

 

All cards at 0%

 

and one card @ 2% of total credit limits


This is the most awesome graph I've seen on this board. Thanks for digging it out! :catvery-happy:

 

OP: the ratio of cards with balances to total cards is also an important scoring variable. If I were you I would pay them all off if possible, or pay toward the highest interest first if the former is not an option.

 


np only problem for me is I have over 100k credit limits =\ I'm too much of a frugal bastard to want to pay APR on $2,000+ =\


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Blogger
HiLine
Posts: 3,176
Registered: ‎10-19-2012
0

Re: Help me pay my bills


distantarray wrote:

HiLine wrote:

distantarray wrote:

 

 

All cards at 0%

 

and one card @ 2% of total credit limits


This is the most awesome graph I've seen on this board. Thanks for digging it out! :catvery-happy:

 

OP: the ratio of cards with balances to total cards is also an important scoring variable. If I were you I would pay them all off if possible, or pay toward the highest interest first if the former is not an option.

 


np only problem for me is I have over 100k credit limits =\ I'm too much of a frugal bastard to want to pay APR on $2,000+ =\


My "soft" principle is to never carry a balance except in special circumstances. :smileywink:

 


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