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Moderator Emeritus
cheddar
Posts: 6,794
Registered: ‎09-29-2007
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Re: Is it time for a new Credit Card?

[ Edited ]


Texcalibur wrote:
On the ScoreWatch report from MyFICO when it shows the inquiries it only shows the last 12 months.

Why would it not show the full 2 years?

Inquiries report for two years but only count in FICO scoring for one year.
 
myFICO reports don't show all of the information that's on a full report directly from a CRA.  As such, myFICO reports only show you the inquiries that count against your FICO score, which are those from the last twelve months.
 


Message Edited by cheddar on 05-05-2008 04:38 PM
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App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
Established Member
Texcalibur
Posts: 28
Registered: ‎04-23-2008
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Re: Is it time for a new Credit Card?



fender wrote:
your supposed to pay it down to 7% a few days before the cc reports to the credit bureaus. then pay it to 0 before your due date.





How do you find out when the cc reports to the credit bureaus?
Established Contributor
fender
Posts: 709
Registered: ‎04-20-2008
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Re: Is it time for a new Credit Card?

Sorry Tex im new at this too, I just remember reading that on these forums recently. I just assumed you could call and ask them.  Might take a little while to get someone who would know though ><
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Moderator Emeritus
cheddar
Posts: 6,794
Registered: ‎09-29-2007
0

Re: Is it time for a new Credit Card?

[ Edited ]


Texcalibur wrote:


fender wrote:
your supposed to pay it down to 7% a few days before the cc reports to the credit bureaus. then pay it to 0 before your due date.





How do you find out when the cc reports to the credit bureaus?

Almost all CCCs report on the date the statement drops (not the due date, but the statement closing date).
 


Message Edited by cheddar on 05-05-2008 05:28 PM
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
Established Member
Texcalibur
Posts: 28
Registered: ‎04-23-2008
0

Re: Is it time for a new Credit Card?

I am looking at my own cc and it says that this months closing date was 4/24/08 and the bill is due on 5/21/08

So how do I go about this?

Should I have paid some before 4/24/08 then paid the balance off by 5/21/08???

Are you allowed to pay more than once per month?
Moderator Emeritus
cheddar
Posts: 6,794
Registered: ‎09-29-2007
0

Re: Is it time for a new Credit Card?



Texcalibur wrote:
I am looking at my own cc and it says that this months closing date was 4/24/08 and the bill is due on 5/21/08

So how do I go about this?

Should I have paid some before 4/24/08 then paid the balance off by 5/21/08???

Are you allowed to pay more than once per month?

Yep, that's the idea.
 
Yes, you can pay more than once a month.
 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )

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