topic Re: question about utilization. in General Credit Topics

question about utilization.

Anonymous — Sat, 11 Feb 2012 17:00:21 GMT

Hi everyone

I have put 15K on credit card my limit is 17K on AMEX SPG. I know my utilization ratio will be way up if it do this. But If I pay off the balance as soon as it posts. Will the high utilization ratio go to credit bureau even tough I will pay it off very quick..

Thanks

Re: question about utilization.

Anonymous — Sat, 11 Feb 2012 17:13:04 GMT

The bad: the utilization will be recorded if you don't pay the balance before the next statement generates, and that will hurt your score. The good: once you pay it down, your score will rebound the next time Amex reports.

Re: question about utilization.

Anonymous — Sat, 11 Feb 2012 17:20:25 GMT

I will not let balance sit there till next statement. If I pay it off immediately. Will that be ok???

Closing my Belk account

MarineVietVet — Sat, 11 Feb 2012 17:42:12 GMT

To Credit Cards

Re: question about utilization.

Anonymous — Sat, 11 Feb 2012 19:41:59 GMT

@Anonymous wrote:
I will not let balance sit there till next statement. If I pay it off immediately. Will that be ok???

Yes...