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Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007
0

Re: What do I do now?---SOMEONE HELP!!!!



Applebee wrote:
I just took out a personal loan and paid everything off.  My CL'S and avai are 11750.  So I'm thinking using 1 percent.  Is it okay to just charge that one percent to 1 card or alternate cards?


Remember, calculations apply to single and all cards. Try and keep util at 1-9% for both.
Senior Contributor
Noah_Bodie
Posts: 4,635
Registered: ‎03-11-2007
0

Re: What do I do now?---SOMEONE HELP!!!!



Applebee wrote:
I just took out a personal loan and paid everything off.  My CL'S and avai are 11750.  So I'm thinking using 1 percent.  Is it okay to just charge that one percent to 1 card or alternate cards?


You can always charge more, and PIF everything but a 1-9% util balance for when the statement closes. What you want is a 1-9% balance reported to the CRAs. You could charge the CC to 90% or more of it's CL, then pay it down to 1-9% on or before the payment due date.
 

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