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04-17-2007 07:48 AM
04-17-2007 08:02 AM
04-17-2007 08:14 AM
04-17-2007 08:21 AM
04-17-2007 08:25 AM
Irvin wrote:I just made a purchase of $400 on my capital one card yesterday which i already owed $89 on. It has a limit of $500. In other words, it is maxed out. However, I plan on paying roughly around $350 BEFORE the next statement is issued, which is 5-10-07 (I should be able to pay off $350 on 5-8-07). That would leave me around $150ish balance when my next statement comes out. How do you guys think it will affect my credit score?Thanks.Cap one doesn't reort limit so your high balance with reflect as the limit. The 150.00 you have left is the most you should have on that card with that high blance reporting and never let it rise above that unless you can get a CLI and max it oout and pay it back down to 30% of the high balance before the statemnet date
04-17-2007 08:31 AM
04-17-2007 08:50 AM - edited 04-17-2007 09:05 AM
Irvin wrote:They won't give me a credit line increase. I just tried a month ago.If i wait until the statement comes out, have the balance of nearly $500 show up on my report...and pay it off immediately (the entire 500 which i cant afford by end of may) so that next month's statement has a lower balance..will that help me? My actually limit is $500 on the card but when i look at the report, it says my limit is $0 and a High balance of $240.If you pay it off after the statement date, Cap 1 may not report this activity for three months. They have a habit of reporting 0 balance accounts quarterly whic I learned from expereince. Pay it down but leave 5.00 on the balance. %.00 reporting wont reflect harshly and it will update that month
04-17-2007 08:50 AM
04-28-2007 05:58 AM
04-28-2007 09:45 AM
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