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Established Member
Posts: 24
Registered: ‎01-16-2009
0

I messed up

I had an emergency this weekend and had to use my cc's. I maxed out both of them. I'm gonna pay them both off on Friday, will this effect my score if I just maxed them out and paying so soon? Please advise, I'm in the dumps about this.

Established Member
Posts: 26
Registered: ‎07-31-2010
0

Re: I messed up

Depends on when your statement posts

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TU - 663 Fico (04/03/11)
EQ - 654 Fico (04/03/11)
Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
0

Re: I messed up

Even if you let the statement report, it only affects for 1 month, then it goes back.    The effect is temporary.   

 

 

Established Member
Posts: 24
Registered: ‎01-16-2009
0

Re: I messed up

Thanks cause I'm trying to be a good stewardess over my credit..I've gone from 473 to 557 to 597 on EQ in a matter of 2 mos..trying to keep climbing.

 

(thanks a bunch))Smiley Very Happy

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Moderator Emeritus
Posts: 4,470
Registered: ‎12-31-2008
0

Re: I messed up


Speakeasy wrote:

I had an emergency this weekend and had to use my cc's. I maxed out both of them. I'm gonna pay them both off on Friday, will this effect my score if I just maxed them out and paying so soon? Please advise, I'm in the dumps about this.


It never hurts to pay so soon.  And, as other posters have commented, if you pay before the statement posts you're golden.

High utility reporting for only a month means your score will only be "hit" for that month - until you report your zero or low balance again.  But, creditors who soft you during that month may be alarmed at the utilization and take AA - always a possibility.  So, if you can pay before statements hit, it's always best.

 

Congrats on your good work and your score climb!

Just puttin' syrup on something, don't make it pancakes.
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