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02-15-2017 01:30 AM
02-15-2017 02:05 AM
Hi and Welcome to the forums!
As your scores slowly increase due to positive tradelines aging on your reports (and the lack of any new lates or derogs), they will fluctuate a few points up and down due to utilization impact. I call it "Fico noise". Don't sweat those small score moves because you will gain more than you lose in the long run. Utilization has no memory and you can manipulate it easily by letting a new balance report on the next statement.
That being said it's best to report a small balance (like you did) on 1 card out of a minimum of 3 total revolving tradelines.
Is this cap1 card your only CC? If so, your scores will fluctuate every time you let a different balance report and it drives your utilization beyond a meaningful threshold (0%, 10%, 30%, etc.).
02-15-2017 02:24 AM
02-15-2017 02:32 AM
No. I have discover and first progress also. When I showed a increase on first progress my others TU and Ex went up 22 and 31 points. Just the equafax went down. Also I just did what I did with cap one with discover now. So I'm worried of another drop showing 100 % balance increase again. And thank you for replying
Don't worry about their wording "100% balance increase", it means nothing (as does a $1 to $2 increase). Just know where your utilization per card stands and know that you can play around with your reported balances and see what the outcome will be concerning your score. Another mistake I have made is seeing an alert that says "the balance on one of your cards as increased" and at the same time seeing a score drop, thinking they were tied together and they were not. Sometimes other factors come into play (new account reporting, AAoA change due to collection falling off, etc.).
02-15-2017 04:38 AM
Camelot, it wasn't very clear in your earlier posts... but when you let the Capital One card report an $11 balance (up from $0) what were the balances on your other two cards? I saw you mentioned 2 other revolvers, but I don't recall you saying what their balances/limits were (utilization on each).
Ideally, you'd want those other 2 cards to report zero balances if you're going to show a balance on the CO card. This of course would put you at 33% of your cards showing a balance. If one of your other 2 cards had a reported balance across the bureaus, taking your CO card from a $0 balance to a small balance then brings your total revolvers showing a balance to 67%, which, at > 50% could result in a 7 point drop.
My point here is that you just want to make sure that your other 2 revolvers have zero balances reported if you're going to be using your Capital One card to show a small balance monthly as this will maximize your scoring under the utilization sector.
02-15-2017 08:17 AM
02-15-2017 10:23 AM
For a grand total of $11, you'll get your 7 points back in about a month. It's good to place a charge on those other cards every once in a while just to keep them in play. The trick is to pay the balance before the statement is cut. Now you know what happens when you jump out of optimal status. Not a big deal. If you need to use a card for an emergency or something, the same thing will happen.
02-15-2017 10:45 AM
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