Valued Contributor
Posts: 2,164
Registered: ‎07-23-2012
Re: Utilization and High Balances Question

llecs wrote:

Having an elevated high balance reporting in that field doesn't hurt any for the most part. I'd ignore it. It only comes into play in cases of charge cards or no preset limit CCs. CCs report the balance oyu had on the statement date, so base any payments around that. For max points get all CCs to report $0 except one and get the one to report less than 9% of the CL.

question: if a charge card reports high balance does it go back to 0 next month? if the statement says 0

Current: EQ 735 Discover 9/5/13 Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: 31k+

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months

2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000