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Love the 750% increase

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FireMedic1
Community Leader
Mega Contributor

Love the 750% increase

Got an alert today on here. Balance from $16 to $136 and 750% balance increase.....Geez. You'd think I left a $10,000.00 balance! So next month I'll go back to $16 for the 750% decrease. Gotta love credit!


Message 1 of 12
11 REPLIES 11
Anonymous
Not applicable

Re: Love the 750% increase


@FireMedic1 wrote:

Got an alert today on here. Balance from $16 to $136 and 750% balance increase.....Geez. You'd think I left a $10,000.00 balance! So next month I'll go back to $16 for the 750% decrease. Gotta love credit!


Actually, that would be an 88% decrease.

Message 2 of 12
FireMedic1
Community Leader
Mega Contributor

Re: Love the 750% increase

Really? Love how EQ does %, the rest show amounts...........


Message 3 of 12
Anonymous
Not applicable

Re: Love the 750% increase

What's the credit limit?  If it's $1400+ from a FICO standpoint there really isn't much of a difference between $16 and $136.  If the limit is $500 then it would matter utilization wise a bit more but either way it's not a huge deal with such small amounts here.

Message 4 of 12
FireMedic1
Community Leader
Mega Contributor

Re: Love the 750% increase


@Anonymous wrote:

What's the credit limit?  If it's $1400+ from a FICO standpoint there really isn't much of a difference between $16 and $136.  If the limit is $500 then it would matter utilization wise a bit more but either way it's not a huge deal with such small amounts here.


$10.000


Message 5 of 12
RonM21
Valued Contributor

Re: Love the 750% increase

That 750% does make it look so overwhelming lol


Total CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

Message 6 of 12
Anonymous
Not applicable

Re: Love the 750% increase

With a $10k limit there should be no difference between reporting a 2 digit balance verses a 3 digit balance as both would be < 1%.

Message 7 of 12
FireMedic1
Community Leader
Mega Contributor

Re: Love the 750% increase

 photo 750_zpsmsknxofm.jpg

Message 8 of 12
Anonymous
Not applicable

Re: Love the 750% increase

Not sure what is going on but math is a pure science and not done with smoke and mirrors. If your $16.00 had gone up by 100% that would make it $32.00 if it went up by 200% that would be $48.00 for it to have gone up to $136.00 that means it went up 850%.
Message 9 of 12
Anonymous
Not applicable

Re: Love the 750% increase


@Anonymous wrote:
Not sure what is going on but math is a pure science and not done with smoke and mirrors. If your $16.00 had gone up by 100% that would make it $32.00 if it went up by 200% that would be $48.00 for it to have gone up to $136.00 that means it went up 850%.

Uh, no. It's 750%. 136 - 16 = 120. 120 divided by 16 = 750%.

Message 10 of 12
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