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I have 4 cards myself, all show $0 balance except my qs1 which I accidentally let report $120 of $300. I'm an au on two cards too, $4300 and 11k. They both have small balances. Total uti this month is 8%. Was 1% last month with all cards at $0 exceptv $75 on $4300 au. The 11k wasnt reporting yet.
Didnt plan on letting my qs1 report anything but I forgot. No credit cards for a decade to 6 in 2 months will do that! So the one $4300 doesnt report until Friday, so if it matters having it report $0 I will tell my dad to pay it but if it doesnt really matter I'd rather not bother him about it. It has a $20 balance right now. Will definitely be under $100 if not $20. I assume a small balance on 3 cards wont make a difference vs 2 cards reporting balances. Plus two are au accounts.
There may be a small drop, and if so, it can easily be gained back by getting the utilization back to where it was before the drop, if one occurs at all.
@Anonymous wrote:I have 4 cards myself, all show $0 balance except my qs1 which I accidentally let report $120 of $300. I'm an au on two cards too, $4300 and 11k. They both have small balances. Total uti this month is 8%. Was 1% last month with all cards at $0 exceptv $75 on $4300 au. The 11k wasnt reporting yet.
Didnt plan on letting my qs1 report anything but I forgot. No credit cards for a decade to 6 in 2 months will do that! So the one $4300 doesnt report until Friday, so if it matters having it report $0 I will tell my dad to pay it but if it doesnt really matter I'd rather not bother him about it. It has a $20 balance right now. Will definitely be under $100 if not $20. I assume a small balance on 3 cards wont make a difference vs 2 cards reporting balances. Plus two are au accounts.
I suspect you will see a small drop in score - 5 to 10 points. The biggest factor is # cards reporting a balance (3 of 6 now, 1 of 6 before?). You might see a reason statement like: "Too many open accounts showing a balance".
Also, there may be an aggregate utilization threshold crossing from 1% to 8% (at 5% or 6% possibly). I always stay below 6% but allow aggregate UT to float between 1% and 4%.
@Thomas_Thumb wrote:
@Anonymous wrote:I have 4 cards myself, all show $0 balance except my qs1 which I accidentally let report $120 of $300. I'm an au on two cards too, $4300 and 11k. They both have small balances. Total uti this month is 8%. Was 1% last month with all cards at $0 exceptv $75 on $4300 au. The 11k wasnt reporting yet.
Didnt plan on letting my qs1 report anything but I forgot. No credit cards for a decade to 6 in 2 months will do that! So the one $4300 doesnt report until Friday, so if it matters having it report $0 I will tell my dad to pay it but if it doesnt really matter I'd rather not bother him about it. It has a $20 balance right now. Will definitely be under $100 if not $20. I assume a small balance on 3 cards wont make a difference vs 2 cards reporting balances. Plus two are au accounts.
I suspect you will see a small drop in score - 5 to 10 points. The biggest factor is # cards reporting a balance (3 of 6 now, 1 of 6 before?). You might see a reason statement like: "Too many open accounts showing a balance".
Also, there may be an aggregate utilization threshold crossing from 1% to 8% (at 5% or 6% possibly). I always stay below 6% but allow aggregate UT to float between 1% and 4%.
Yea 3 of 6 now instead of 1 of 6. 2 au accounts of the 3 and the 1 account showing a balance last month was an au account. I am needing to buy a car soon, next month now also waiting on eq to delete 2 collections.