lets try this out for size

[Anonymous]

heres the scoop:

cap one CL $500 balance= $5.00 cap one reports to CRA on 9th

Orchard CL $300 balance= $5.00 orchard reports to CRA on 3rd   When i paid them to $0 every month = no score increase! they want me to pay interest????? system is flaud for sure. What makes sense for smart financing doesnt make sense for credit score increasing???? sounds to me like the CC company and the CRA are friends!!! ha!

All other baddies paid in full deleted (1) state tax lien paid in full (if anyone has any knowledge about GW or any other tricks for removal of this would be HUGE) THANKS

Lets see if this whole UTL being super low really will let me see a jump in score ( god i hope so )

GOAL= progress           

[Creditaddict]

Once you receive the statement showing the $5 balance, you would then PIF... The $5 should report, I would only have 1 account actual report a balance though. Rotate.

[RyVision]

---

@Creditaddict wrote:

Once you receive the statement showing the $5 balance, you would then PIF... The $5 should report, I would only have 1 account actual report a balance though. Rotate.

---

+1

And yes djt1977 (OP),  they are "friends" btw.

[LS2982]

---

@Creditaddict wrote:

Once you receive the statement showing the $5 balance, you would then PIF... The $5 should report, I would only have 1 account actual report a balance though. Rotate.

---

+1

[boomhower]

Just because it reports to the CRA's doesn't mean you are paying them interest.  You only pay interest if it doesn't get paid in full before the next statement cuts.

[clocktick]

You never have to pay interest.  It matters what is reported when the statement drops. 

[FrugalRican]

Statement Date /= Due Date

[Anonymous]

ok great! thanks for the responses

So just to clear this up, I will PIF the $5.00 after they report on the 9th I get that. So I should pay the other $5.00 now and show a $0 balance on the other CC when they report? i am trying to get the best score for auto lease. I was told that a $0 balance actually lowers scores, and I can admit mine did drop when I showed $0 balance. I never use CC's but its a great way to build your score. So would i see better score increase if 1 CC shows $5 balance and the other is $0 balance. Why do I feel like this is pointless? I hate playing games and thats what this is! Wouldnt a smart person think you should be rewarded for responsibilty and carrying a $0 balance (no interest) is the smart thing to do??? Nope instead you have to monitor your CC reporting dates and manipulate your payments in the correct time frame or your screwed! RUBBISH! And you guys are right they are all friends, Im in Illinois where we have 5 past governors in jail!!!!!!!!!!! and I have to worry about UTL??? Something is really messed up but if you cant beat em, let them beat you! 

[Anonymous]

sorry if the last post seemed like i was complaining!!! im certainly not complaining!

my scores have increased over 85 points in 2 months! im excited just hate games

[FrugalRican]

---

@Anonymous wrote:

ok great! thanks for the responses

So just to clear this up, I will PIF the $5.00 after they report on the 9th I get that. So I should pay the other $5.00 now and show a $0 balance on the other CC when they report? i am trying to get the best score for auto lease. I was told that a $0 balance actually lowers scores, and I can admit mine did drop when I showed $0 balance. I never use CC's but its a great way to build your score. So would i see better score increase if 1 CC shows $5 balance and the other is $0 balance. Why do I feel like this is pointless? I hate playing games and thats what this is! Wouldnt a smart person think you should be rewarded for responsibilty and carrying a $0 balance (no interest) is the smart thing to do??? Nope instead you have to monitor your CC reporting dates and manipulate your payments in the correct time frame or your screwed! RUBBISH! And you guys are right they are all friends, Im in Illinois where we have 5 past governors in jail!!!!!!!!!!! and I have to worry about UTL??? Something is really messed up but if you cant beat em, let them beat you! 

---

(1) Yes, you PIF after the 9th.

(2) Yes, get 1 card down to 0, keep the other one at $5.

(3) You are being rewarded for your responsibility, it's called not paying interest.

(4) It's all a game, but at least you know how to play it now, so you can come out winning.

(5) Good luck on the auto lease.