Credit Cards

[cheddar]

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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?

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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

[Texcalibur]

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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.

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

[fender]

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 ><

[cheddar]

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Texcalibur wrote:

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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.

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

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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

[Texcalibur]

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?

[cheddar]

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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?

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Yep, that's the idea.

Yes, you can pay more than once a month.