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What data is used to make the FICO regarding credit card balances - the statement balance, the balance on a particular day determined by the CC issuer or reporting agency, the balance at the moment the FICO score is requested by a particular creditor?
Thanks to anyone that has the answer.
@Anonymous wrote:What data is used to make the FICO regarding credit card balances - the statement balance, the balance on a particular day determined by the CC issuer or reporting agency, the balance at the moment the FICO score is requested by a particular creditor?
Thanks to anyone that has the answer.
The balance on the credit report - usually your statement balance, and this is usually updated only once a month
@Anonymous wrote:What data is used to make the FICO regarding credit card balances - the statement balance, the balance on a particular day determined by the CC issuer or reporting agency, the balance at the moment the FICO score is requested by a particular creditor?
Thanks to anyone that has the answer.
The balance on the credit report - usually your statement balance, and this is usually updated only once a month
@MidnightVoice wrote:
@Anonymous wrote:What data is used to make the FICO regarding credit card balances - the statement balance, the balance on a particular day determined by the CC issuer or reporting agency, the balance at the moment the FICO score is requested by a particular creditor?
Thanks to anyone that has the answer.
The balance on the credit report - usually your statement balance, and this is usually updated only once a month
Exactly so, and therefore some people check their balance on the website a few days before statement data and make an online payment for most of that balance, so the statement balance will be minimal.