topic Confession time. What is your Holiday Utilization? in Credit Cards

Confession time. What is your Holiday Utilization?

p- — Mon, 23 Dec 2013 15:45:46 GMT

Time to confess... What is your utilization percentage? Not your Statement Utilization, but your actual Utilization as of right now? When is your projected payoff date for this amount? I'll go first:

Utilization % 17.0

Pay off date Feb 1

Excuse Christmas, of course. Plus, no apps planned Q1, so my score can suffer for a bit.

Re: Confession time. What is your Holiday Utilization?

Anonymous — Mon, 23 Dec 2013 20:18:27 GMT

5%, payoff prior to Jan 20 reporting after BT of three cards with earlier reporting dates to Das Duck. On second thought, no need to app for anything right now and Jan 20th is post 3X for Amex so I may just let the BTs ride at 0% for a month or two.

Re: Confession time. What is your Holiday Utilization?

Anonymous — Mon, 23 Dec 2013 16:11:46 GMT

@p- wrote:
Time to confess... What is your utilization percentage? Not your Statement Utilization, but your actual Utilization as of right now? When is your projected payoff date for this amount? I'll go first:

Utilization % 17.0
Pay off date Feb 1
Excuse Christmas, of course. Plus, no apps planned Q1, so my score can suffer for a bit.

Utilization % 6-7% but will probably go up to 40% in the next couple days

Pay off date Jan 15-20

Excuse Christmas, of course. Plus, other bills that I'll be running through my cards by month end.

Re: Confession time. What is your Holiday Utilization?

starry1 — Mon, 23 Dec 2013 16:29:30 GMT

27%, payoff date 2/28.

Don't holler at me, I don't have the limits y'all do.

Re: Confession time. What is your Holiday Utilization?

p- — Mon, 23 Dec 2013 16:48:55 GMT

starry1 wrote: Don't holler at me, I don't have the limits y'all do....

I'd be worried if you said 27%, payoff in 2016... I think you'll be ok. Still waiting for someone to admit they are waiting for tax returns.

Re: Confession time. What is your Holiday Utilization?

starry1 — Mon, 23 Dec 2013 16:55:18 GMT

@p- wrote:
starry1 wrote: Don't holler at me, I don't have the limits y'all do....
I'd be worried if you said 27%, payoff in 2016... I think you'll be ok. Still waiting for someone to admit they are waiting for tax returns.

Not me. My tax returns go directly to 401k and 529 every year.

Re: Confession time. What is your Holiday Utilization?

Themanwhocan — Mon, 23 Dec 2013 17:09:13 GMT

3.6% util right now. Though it should be 2.8% once the pharmacy reimburses me for all the overcharges...

My income tax return will cover this, if I haven't paid it off before then.

Re: Confession time. What is your Holiday Utilization?

Anonymous — Mon, 23 Dec 2013 17:10:46 GMT

@p- wrote:
Still waiting for someone to admit they are waiting for tax returns.

Refund.....what is that???

Re: Confession time. What is your Holiday Utilization?

basballguy — Mon, 23 Dec 2013 17:11:46 GMT

What is our actual uti or our reported uti?

I manipulated to have my report reflect 9% usage. However it's currently closer to 50%.

Re: Confession time. What is your Holiday Utilization?

Anonymous — Mon, 23 Dec 2013 17:14:20 GMT

Refund.....what is that???

Interest-free loans to the government of course!

Re: Confession time. What is your Holiday Utilization?

Scupra — Mon, 23 Dec 2013 17:14:29 GMT

8% total utl. Pay off by end of January! Sad thing is that it's all on one card!

Re: Confession time. What is your Holiday Utilization?

Longroad — Mon, 23 Dec 2013 17:18:34 GMT

45% util as of right now. Should have about 20% report and PIF by Feb. I don't have the big limits either, but making progress. HAPPY HOLIDAYS everyone. Thanks to all of you for all of the great advise on this forum

Re: Confession time. What is your Holiday Utilization?

p- — Mon, 23 Dec 2013 17:38:59 GMT

@Scupra wrote:
8% total utl. Pay off by end of January! Sad thing is that it's all on one card!

Mine is all on 1 card, too. It's my understanding that it's better for your score that way.

Re: Confession time. What is your Holiday Utilization?

Stralem — Mon, 23 Dec 2013 18:11:59 GMT

70% spread across 5 cards. Will be paid down to 30% this Friday (1 card paid off completely, woo!).

Pay off: Feb/Mar 2014. Not planning on apping for anything until May or June, so yeah...

Excuse: Christmas spending in addition to previous balances.

Re: Confession time. What is your Holiday Utilization?

CenturyChild — Mon, 23 Dec 2013 18:31:55 GMT

But Im not sure if I done a good thing or a bad thing.

I took a small personal loan thinking a installment loan on my report may help scores overall (didn't have one at all).

Not sure if it will or not nor how it really impacts debt.

I think technically I had somewhere between 14-18% on CCs ballpark and used the loan knocked it down to about 4%.

But the debt just moved to installment rather than revolving.

Was on 1 year but Ill let it go around 5 or 6 months before paying it off.

Sad thing, I technically could have done w/out the loan but figured maybe it was worth it in the future for my credit profile.

Re: Confession time. What is your Holiday Utilization?

longtime_lurker — Mon, 23 Dec 2013 19:05:35 GMT

12.5%..

Though I just learned I can pay my rent for only a 4.95 convenience fee so I prepaid my rent for next month and will PIF that card this friday so my util will drop to about 7%

Re: Confession time. What is your Holiday Utilization?

Involver — Mon, 23 Dec 2013 19:17:37 GMT

Currently reporting 17% will be down to 2% for January.

Re: Confession time. What is your Holiday Utilization?

indiolatino61 — Mon, 23 Dec 2013 19:39:44 GMT

@starry1 wrote:
27%, payoff date 2/28.

Don't holler at me, I don't have the limits y'all do.

That's not February, 2028 is it...lol???

Re: Confession time. What is your Holiday Utilization?

madmann26 — Mon, 23 Dec 2013 19:46:53 GMT

Less than 4% right now.

I get a phat bonus in Feb (5 digit world) and will use some of that to pay off my siggy.

It wouldn't be that much except I threw my wife a 30th bday party in the north GA mountains. I paid for all accommodations for 3 families, including us, birthday dinner and breakfast the next morning.

This includes flying one of her close friends up that otherwise wouldn't have been able to come. I spent $2,577.xx for all of it including the flight/rental car for her friend.

Our tax return will go to savings.

Re: Confession time. What is your Holiday Utilization?

Anonymous — Mon, 23 Dec 2013 19:51:35 GMT

Maxed out on my CSP and Bloomingdales card, 13k balance on my Amex plat (8.6k due in 1 week from previous cycle, rest new charges), and about 1-6k balances on 4 other cards.