09-19-2012 07:31 AM
When my lender pulled my credit for pre approval my mid score was Eq 645. At that time my utilization was 4%. I paid my credit card on time for September and paid it down to $20 but I didn't realize that the cycle end date was 3 days after the payment was due. Payment was due 9/10 and cycle ended 9/13. On 9/13 I paid a bunch of stuff for work so I used my card (because it is being reimbursed) and my utilization went up to 11%. That is what reported to the bureaus. Is this going to kill my score? What should I do?
09-19-2012 01:01 PM
It shouldn't be catastrophic. FICO prefers 1-9% util but is content with anything under 30%.
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