Credit Card Center Advertiser Disclosure

New Visitor
Posts: 3
Registered: ‎08-20-2009
0 Kudos

Reporting the high balance

He folks, I'm in the process of repairing my credit and have a general question. I have a BOA secured credit card and am aware of the notion of not going over 10% of your credit line. I spoke to a bank representative today who said they report the "high balance" to the credit bureaus the day after the cycle closes. I've paid the entire balance on every statement so at the beginning of the next cycle my balance is always zero. My concern is if I were to go over 10% at some point during the cycle but made a payment before the cycle ended that brought the balance below 10%, would I still show up the credit bureaus as having eclipsed the "red line?" Thanks for your input.
Regular Contributor
Posts: 237
Registered: ‎08-02-2009
0 Kudos

Re: Reporting the high balance

The "high balance" will be whatever your highest balance is when BoA reports.  Are they reporting a CL to your account?  I'm also pretty sure it's month-to-month you want to keep your total utilization between 1% and 9% (since they round up so 9.4% = 10% and 10.1% = 11%).  For instance... I got myself into trouble a few years back so on one of my accounts the high balance was $2610 and the CL was $2600. 

EQ (11/16/2007): 573

Starting Score (1/1/2010): EQ: 712 -- TU: 726
Current Score: EQ: 748 (12/22/11) -- TU: 726 (1/7/10) -- TU04: 701 (1/27/10) -- EX: 747 (1/27/10) (LO)
Goal Score: EQ: 760

Take the FICO Fitness Challenge

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.