Billing Cycle quesiton

[TheFate]

@ Takeshi No offense but it also sounds contradicting what you just said

You said for Ideal scoring its best to let only one card report then at the end of your reply you said letting a reporting of $0 IS bad because it shows no usage?

[lg8302ch]

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@TheFate wrote:

@ Takeshi No offense but it also sounds contradicting what you just said

You said for Ideal scoring its best to let only one card report then at the end of your reply you said letting a reporting of $0 IS bad because it shows no usage?

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If you want your profile to look in the best way possible (only before an app) you pay your cards before statement cut and have 0 balance report on all but 1 card. That 1 card you let report up to 9%  and this will get your scores in best position ... for the period that you do not intend to apply for anything you just pay your cards after the statement cut date and before the due date and this shows activity but might not give you maximum points on Fico . All accounts to 0 balance will make you loose some points as well as this is what Fico does not like. Do not stress with this 0 balance reporting thing if you do not plan to apply for something. There is no need that you scores have to be in best possible position all the time. On the contrary if you do 0 balance reporting with certain lenders you will not get CLI or auto CLIs ...so keep that in mind as well.

[TheFate]

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@lg8302ch wrote:

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@TheFate wrote:

@ Takeshi No offense but it also sounds contradicting what you just said

You said for Ideal scoring its best to let only one card report then at the end of your reply you said letting a reporting of $0 IS bad because it shows no usage?

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If you want your profile to look in the best way possible (only before an app) you pay your cards before statement cut and have 0 balance report on all but 1 card. That 1 card you let report up to 9%  and this will get your scores in best position ... for the period that you do not intend to apply for anything you just pay your cards after the statement cut date and before the due date and this shows activity but might not give you maximum points on Fico . All accounts to 0 balance will make you loose some points as well as this is what Fico does not like. Do not stress with this 0 balance reporting thing if you do not plan to apply for something. There is no need that you scores have to be in best possible position all the time. On the contrary if you do 0 balance reporting with certain lenders you will not get CLI or auto CLIs ...so keep that in mind as well.

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I honestly beleive lenders like to see revolving balances on a month to month basis

But thank you for claifying I will keep that in mind just before apping. Maybe do that 2 months prior just to be sure

[bdhu2001]

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@lg8302ch wrote:

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@TheFate wrote:

@ Takeshi No offense but it also sounds contradicting what you just said

You said for Ideal scoring its best to let only one card report then at the end of your reply you said letting a reporting of $0 IS bad because it shows no usage?

---

If you want your profile to look in the best way possible (only before an app) you pay your cards before statement cut and have 0 balance report on all but 1 card. That 1 card you let report up to 9%  and this will get your scores in best position ... for the period that you do not intend to apply for anything you just pay your cards after the statement cut date and before the due date and this shows activity but might not give you maximum points on Fico . All accounts to 0 balance will make you loose some points as well as this is what Fico does not like. Do not stress with this 0 balance reporting thing if you do not plan to apply for something. There is no need that you scores have to be in best possible position all the time. On the contrary if you do 0 balance reporting with certain lenders you will not get CLI or auto CLIs ...so keep that in mind as well.

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Have we tested this with the new FICO 08 as opposed to FICO 04?