Nervous of Barclay CLD...

[Andy77]

So I have had a Barclay Financing Visa since Dec 2011.  

Currently, I am 23 dollars over the CL, but other then that, never been late (over 3 days late once...but they waved the fees since a family member died)...

but have carried a balance right at the CL for a LONG time now and this is why I think they might CLD me.

I wanted to ask ...when I pay it off in full, in the next few weeks, would it be benficial for me to pay a little over the CL ...so then they would at least know I have the cash to pay the entire CL and then some...I would be then left with a 500 dollar credit on my account, assuming I pay 4k (CL is 3500)

I would use that 500 dollar credit and then start PIF every month

Suggestions?

[09Lexie]

I wouldn't pay over the credit line. Can you pay the ol now? Do they charge you an ol fee?

[Andy77]

I found out of the 23 dollars over the CL when my statement cut on 10/5/13.  I made a payment today of 150.00..my due date is 11/5/13

[09Lexie]

Ok. Assuming the rest of your cr is ok ie low util pyt history-If you are going to PIF, then do it next month

[Andy77]

No everthing is maxed out now.  I will have the money to pay off everything to zero or under 9 % by next month

Do you think I should make small payments on the Barclay and pay off ALL the other cards and let them update on the CR...so when I do pay the Barclay if they soft pull me they will see all my other balances are zero then maybe they will not CLD me.... thoughts?

[FinStar]

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@09Lexie wrote:
I wouldn't pay over the credit line. Can you pay the ol now? Do they charge you an ol fee?

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+1

Just pay the overlimit charges with your current/normal payment.  However, when you retire the full balance in the next few weeks, do not pay it over your full CL.  Just make the standard PIF.  Just make sure your current reported items are in line with your spending/reporting (i.e. no high utilization swings and no rollercoaster CS fluctuations).

[Andy77]

Well when I pay off everything but the Barclays there will be a large swing...going from maxed out to very good utilization...I think my score should increase about 30 to 50 points according to the myfico simulator

[FinStar]

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@Andy77 wrote:

No everthing is maxed out now.  I will have the money to pay off everything to zero or under 9 % by next month

Do you think I should make small payments on the Barclay and pay off ALL the other cards and let them update on the CR...so when I do pay the Barclay if they soft pull me they will see all my other balances are zero then maybe they will not CLD me.... thoughts?

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Hmmm...this could be trivial.  You'd have to be aware whether Barclay's has already SP'd you during their standard account reviews (or would be in the process of).  Remember, the CSRs won't know this information as it is all done behind the scenes and is system-driven.  Unfortunately, we won't know that as Barclays can conduct periodic reviews at any given time.

[myjourney]

Just pay what you owe ......wash rinse repeat

[youngandcreditwrthy]

I'd pay it in small payments in the 500-1000 range.
Barclay's likes to put holds on pmts > $2k ime.
Although my recent $3k pmt wasn't put on hold! Shockingly so. Lol