Card is about to have a statement cut with balance

[Anonymous]

Thank you for setting me straight on statement cuts...I am new to this and there is so much information out there (many of which conflict).

[Kenny]

Definitely would let one report for maximum scores if you wish to be this micromanaging.. I have about 6-7 reporting balances this month with the scores in my signature, so it doesn't matter tremendously. YMMV for everyone though.

[Vegas247]

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@KennyRS wrote:
Definitely would let one report for maximum scores if you wish to be this micromanaging.. I have about 6-7 reporting balances this month with the scores in my signature, so it doesn't matter tremendously. YMMV for everyone though.

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So you have 6-7 cards reporting and your scores are still that high?

[Anonymous]

I suspect under Fico 08 the "exactly one" isn't so necessary.   I got my 848 with about 3 reporting, and others have reported the same.   So this oft-repeated stuff might need to updated (and of course I am guilty of repeating it in this thread!).  But I guess it's OK to say 1 to be safe (and seems to matter for FICO 04, still important for mortgages)

[Kenny]

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@Vegas247 wrote:

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@KennyRS wrote:
Definitely would let one report for maximum scores if you wish to be this micromanaging.. I have about 6-7 reporting balances this month with the scores in my signature, so it doesn't matter tremendously. YMMV for everyone though.

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So you have 6-7 cards reporting and your scores are still that high?

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yep. My utilization is like 0-1%, though. Max of 3-4% with shifting balances reporting. Just looked at Equifax and I had 8 balances reporting yesterday. No score change.. current scores in signature.

longtimelurker's 848 with 3 balances reporting is stellar though! makes me wonder if only one reported a balance would it be 850 or 849? LOL and what would it take to get that one extra point. Stupid crap like that runs through my brain. ha!