Why am I so impatient!!!

[dstew201]

It is me? Am I the only one that's constantly paying before the charges post!  I have 3 or 4,  cards, AMEX, Discover, and Cap1, with a negative balance (credit) so far!!!

Why do they take so damn long to post!!!   I'm trying to rebuild here!!  Grrr!!

[Anonymous]

Maybe just try to only pay once a week - that way things will have almost always posted - and then check more often close to statement cut.   I plan on paying on Fridays - I only get paid twice a month - but I want to run as much through the cards as possible.   So I'll charge during the week - and pay off on Friday - that way it's clean for the weekend.

I also plan to pay some utilities through the cards - those I"ll pay off out of our joint account - (since my husband and I both contribute to it equally for the household bills)  but again - I plan to pick one day of the week and pay it off ....then maybe I won't go nuts checking it daily!

[dstew201]

good point! I'm trying not to become OCD, but I find myself checking multiple times a day!  Maybe there's a support group out there! 

[Anonymous]

i find this whole rebuilding thing very addicting.   I'm on MyFico forums most of the day trying to find new or other things I should be doing - I am contantly checking the places I can check my scores for free - I'm constantly watching my inbox for a reply on my GW letters......I'm like totally OCD about all this right now.   It's pretty crazy - I definitely need a support group.

[dstew201]

LOL!! Glad to see I'm not alone!! Between the work computer, home computer, and apps, I find myself consumed with gathering info!! Wish I had of known 50% of this years ago... So I find myself trying to catch up quick, but I need to remember it's a marathon not a sprint!!

Good luck to you with your goals!!  Hope to find you on the other side of 700!!!

[Anonymous]

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@dstew201 wrote:

It is me? Am I the only one that's constantly paying before the charges post!  I have 3 or 4,  cards, AMEX, Discover, and Cap1, with a negative balance (credit) so far!!!

Why do they take so damn long to post!!!   I'm trying to rebuild here!!  Grrr!!

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That should not hurt anything, it will be treated by the scoring algorithm as a $0 balance. As long as you have your one "reporting" card showing a small balance you're good.

You're not trying some complex card rotation scheme where you try to have a different card show a balance each month are you?

[dstew201]

Nononono... I'm trying to pay down the balances on my current cards. Just feeling impatient about getting it all down to $0.00!

[Anonymous]

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@dstew201 wrote:
Nononono... I'm trying to pay down the balances on my current cards. Just feeling impatient about getting it all down to $0.00!

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You know that the only *balance* that is factored into scoring is the "statement balance" at the end of the cycle? Your daily balance at any other time is meaningless as far as scoring is concerned..

[adifferentme]

Try paying a little before your due date

[Anonymous]

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@adifferentme wrote:
Try paying a little before your due date

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You actually need to pay more attention to the statement date, where they 'put it in stone' and report to the CRBs.

You must also meet the due date of course.

I make sure the payment is in and after the statement cuts, I start using it again.

As far as being impatient goes - it usually takes awhile to get improvements that 'stick'.  If you have no more baddies report, your scores will improve and the old baddies will age.  After 12 months, not so important, after 24, less important, etc.

hth