Statement Bal.vs. High Bal. Avg. Daily Bal?

[Anonymous]

I know what each these 3 things are, but how do each of them factor into the FICO score? 

We have a HHBC cc that we've been using to rebuild the score, and focused on keeping the statement balance low, but we have had a high High Balance, and many months, our ADB was up there, too.  (We were using the card throughout the month, then paying it dow to <10% the week before statements went out.)

Thanks!

[Anonymous]

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mousebandit wrote:

I know what each these 3 things are, but how do each of them factor into the FICO score? 

We have a HHBC cc that we've been using to rebuild the score, and focused on keeping the statement balance low, but we have had a high High Balance, and many months, our ADB was up there, too.  (We were using the card throughout the month, then paying it dow to <10% the week before statements went out.)

Thanks!

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Welcome.  On the day you pull your score, the only balance that matters is the last statement or outstanding balance that the CCC reported to the CRA.  Previous balances, high balances, ADBs do not matter at all because they do not factor into utilization or any other parameter.

Sounds like you are taking the right approach, provided your CC is also reporting your CL.