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Regular Contributor
cyberone28
Posts: 135
Registered: ‎03-06-2013
0

75% utilization paid off!!!

Ok guys I'm exited!!  

Credit limit is $2,000  was using 75%..

score 559. :smileysad:.  

bern paying in time all bills so this is the first time 

i will be happy if I see a 10 points jump!!!  wells Fargo will report today or tomorrow from 250$ to 0$. Then the other ones followed until the 30 

 we will see how much this jump.. Never been above 559 ;(

Hey my credit is not that bad.. at least i got a couch with a 87% APR :smileyhappy:

Starting Score: 462 :smileysad: journey started on 3/29/2013
Current Score: EXP 715 :smileyhappy: EQ 720 :smileyhappy: TU 700 Barclaycard fico :smileyhappy:
Goal Score: 700+ one day :smileyhappy: update... 750+ across the board


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Valued Contributor
lg8302ch
Posts: 2,659
Registered: ‎11-13-2012
0

Re: 75% utilization paid off!!!

Congrats!  For best results please have 1 account report a balance of 1-9% and not all accounts with 0 balance. Fico does not like that..:smileyhappy:

FICO® EQ 784 (as of today) - TU 771 (07/25) * Fako EX 799 (07/02 - CS) * last app 06/01/14 * INQ last 2 yrs TU: 5, EX: 7, EQ: 7


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Regular Contributor
CJ3
Posts: 170
Registered: ‎06-03-2013
0

Re: 75% utilization paid off!!!

Congrats! Keep up the good work

Starting Scores for 2014: EX 689 EQ 686 TU 667 (1/1/14)
Current Scores: EX 689 EQ 692 TU 689 (1/30/14)
Goal Score: 700+ Gardening Until 1/1/16
In My Wallet: NFCU CLOC $8K | NFCU cashRewards $7.5K | Amex Hilton Honors $4k | Macy's $3.3K | Amex PRG $3K | NFCU Platinum $2.5K | Bloomingdale's $2K | Cap 1 Spark $1.5K | Barclaycard $1.3K | CFNA $1.2K | Wal-Mart $1.2K | Amazon $1.2K | Amex BCE $1K | Cap 1 QS $1K | Cap 1 QS $1K | CareCredit $1K
Regular Contributor
cyberone28
Posts: 135
Registered: ‎03-06-2013
0

Re: 75% utilization paid off!!!

Yes there will be one I just opened 300 cl reporting 85$
Hey my credit is not that bad.. at least i got a couch with a 87% APR :smileyhappy:

Starting Score: 462 :smileysad: journey started on 3/29/2013
Current Score: EXP 715 :smileyhappy: EQ 720 :smileyhappy: TU 700 Barclaycard fico :smileyhappy:
Goal Score: 700+ one day :smileyhappy: update... 750+ across the board


Take the myFICO Fitness Challenge


Regular Contributor
cyberone28
Posts: 135
Registered: ‎03-06-2013
0

Re: 75% utilization paid off!!!

One more question I have a total of 4 credit cards now.. Wells Fargo (secured) , first progress(secured), open sky(secured) and credit one bank(unsecured)
I personally like Wells Fargo and firstprogress because of the grace time..
Can I leave 3 of them without use and only use Wells Fargo or firstprogress charge it 20$ or I have to use the other cards as well? Because I can put them in the closet lol please explain thanks :smileywink:
Hey my credit is not that bad.. at least i got a couch with a 87% APR :smileyhappy:

Starting Score: 462 :smileysad: journey started on 3/29/2013
Current Score: EXP 715 :smileyhappy: EQ 720 :smileyhappy: TU 700 Barclaycard fico :smileyhappy:
Goal Score: 700+ one day :smileyhappy: update... 750+ across the board


Take the myFICO Fitness Challenge


Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008
0

Re: 75% utilization paid off!!!

It doesn't matter which one you actually use as long as all but one report 0 balances.  You can use all of them but pay them off before they report.

 

If you aren't going to use all of them regularly you may want to change up which one you use so the CCC will see activity on the card and not close it.

Regular Contributor
cyberone28
Posts: 135
Registered: ‎03-06-2013
0

Re: 75% utilization paid off!!!

Thanks Guinness ! May I ask another question.
Is there a limit on the minimum usage?
Can I use them once a month?
Example I can pay my electricity with one, groceries with the other etc etc.. But is there a minimum usage? I'm saying this because all those things I pay them with my debit card anyways, but I don't want to charge more than $100 on the cards,..
Hope I'm not confusing :smileywink:
Hey my credit is not that bad.. at least i got a couch with a 87% APR :smileyhappy:

Starting Score: 462 :smileysad: journey started on 3/29/2013
Current Score: EXP 715 :smileyhappy: EQ 720 :smileyhappy: TU 700 Barclaycard fico :smileyhappy:
Goal Score: 700+ one day :smileyhappy: update... 750+ across the board


Take the myFICO Fitness Challenge


Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008
0

Re: 75% utilization paid off!!!

I guess I don't understand what you mean by minimum usage.

 

You can use how much on any of the cards you want during the month as long as they are paid to 0 before the reporting date.  All except the one that will be 9% or below.

Regular Contributor
cyberone28
Posts: 135
Registered: ‎03-06-2013
0

Re: 75% utilization paid off!!!

Ok i got that part. What I meant was let's say my Wells Fargo credit card is $1,000 CL, will they close my credit card if I only use $50 in the whole month and pay it in full before they report?
Same goes for my other cards, will the creditor close them if I only charge like $30- $50 a month and pay them in full?
Hope I'd explained my self good this time
Hey my credit is not that bad.. at least i got a couch with a 87% APR :smileyhappy:

Starting Score: 462 :smileysad: journey started on 3/29/2013
Current Score: EXP 715 :smileyhappy: EQ 720 :smileyhappy: TU 700 Barclaycard fico :smileyhappy:
Goal Score: 700+ one day :smileyhappy: update... 750+ across the board


Take the myFICO Fitness Challenge


Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008
0

Re: 75% utilization paid off!!!

I understand now.

 

I don't think there is a minimum.  I have seen where the more you use a card, the more likelyhood to get CLI. 

 

As long as you are using it should be what counts. 


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