06-25-2013 04:58 AM
06-25-2013 05:10 AM
I have one card, Military Star, that reports the current balance (not statement balance) towards the end of each month sometimes and sometimes at the beginning of the month, but never more than once a month.... sometimes it even alternates which CRAs it reports to.
But, I have a great system for controlling balances that report. It might not work for everyone, but here is how I do it: I have a lot of open credit cards with good sized total credit limit, but I only use one or two cards. I just use my one, sometimes two, cards, and pay more than my full bill and then just continue using my card. Whatever small amount accumulates over these few days I let report. Since I have a large amount of other cards that I don't use at all, my utilization is very low and my total amount of used cards is a very small fraction.... both good for a FICO score.
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