Does the appearance of 0 UT look bad?

[Anonymous]

No I've tried with BofA and WF no luck.

So the payment due date is usually a few weeks after the statement?

Thanks for the info

[sarge12]

This subject has been covered a lot. Utilization has a large effect on scores, but it does not have a history. If your score drops 80 points because you are at 80% util for May, and then you pay it down to <3% in June...you get every single point you lost in May back, because unlike other metrics util. history has no affect at all. What this means is the only time you even need to worry about utilization at all is when you are going to apply for a loan that your credit score might be too low to get the best terms. The month before pay all cc's to 0 except 1, leaving a small balance on that 1 card. If you are not applying for credit soon, there is no reason to maximise utilization.

[Anonymous]

Hmm, that's too bad, you may just have to do it on a computer. 

Yes, the payment due date is usually a few weeks after the statement. For example, one of my cards has a statement period that ends on the 15th. My payment due date for that balance is the next month on the 13th. My other card has a statement that ends on the 28th. My payment due date for that balance is the next month on the 25th.

[Anonymous]

I'm pretty sure the difference is 20-25 days. Search the terms for the card you have for the grace period...

[sarge12]

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@Anonymous wrote:

Hmm, that's too bad, you may just have to do it on a computer. 

Yes, the payment due date is usually a few weeks after the statement. For example, one of my cards has a statement period that ends on the 15th. My payment due date for that balance is the next month on the 13th. My other card has a statement that ends on the 28th. My payment due date for that balance is the next month on the 25th.

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I'll add my 2 cents and say that online will say no payment due at this time until the statement ends. When statement ends online it will say min payment of xx.xx due by and provide due date. If it shows an amount due...the statement end date has passed.

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[Revelate]

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@Anonymous wrote:

I lost 18 points when all my cards reported 0. 14 points from Equifax and 19 points on Experian, just FYI.

I also dont think that only 1 reporting really works especially lets say if you have more than 5 cards. The only 1 reporting a balance works best if you have the regular folks who has 3 ... I dont know I maybe wrong but I'm going to keep experimenting which is best for me, out of 14 accounts to report 1 under 9% or have 2-4 reporting under 9% overall. Hopefully I get the right number to get the best boost on my score.

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Out of curiosity what was the before and after score and if you don't mind sharing your credit profile?

I haven't been using most of my cards lately as my spending profile has gone way down, and I simply cut a bunch of payments to Chase and whoopsie, all went to zero when my Sallie reported $0 (gas and amazon card and I didn't have purchases in more than a month for either).

EQ FICO 08: 710 -> 698 = 12 point drop

TU FICO 08: 713 -> 701 = 12 point drop

EX FICO 08: 728 -> 717 = 11 point drop

Scores are flat as hell and didn't cross any boundaries so these are isolated changes as near as I can determine.   Unfortunately it wasn't caught on the DCU pull otherwise I'd have a FICO 04 datapoint for comparison purposes.