HIGHEST UTILIZATION

Anonymous · ‎12-29-2007

NOW THAT THE HOLIDAYS ARE OVER I AM SURE MANY HAVE BEEN CHARGING--WHAT YOUR HIGHEST UTILIZATION--AND WHATS UR STRATEGY TO PAY IT DOWN---ACTUALLY MY HIGHEST CARDS ARE MY WALMART AND MACYS PLACE SINCE THEY WERE THE CARDS WITH THE LOWEST LIMITS THEY WERE BOTH UP ABOUT 50 PERCENT BUT I PLAN TO PAY THEM DOWN TO 25 PERCENT IF NOT ZERO PERCENT THIS MONTH AND ANY REMAINING BALANCE WILL BE PAID BEFORE FEBRUARY REPORTING

WHEN FICOS PULLED WAS CURRENTLY AVERAGING A USE OF 25% TOTAL MY GOAL IN 2008 IS TO MANAGE BETWEEN 0 TO 15 PERCENTAGE TOTAL AVERAGE PER MONTH

orl2185 · ‎12-29-2007

Wow, during holidays my ccs were not used at all. Paid for all purchases by debit, or check. I also have a holiday club account that I deposit 30 a week with my cu. Got those funds in end of nov.

Pay down those store cards, they dipping your scores like crazy...

Anonymous · ‎12-29-2007

Wow Orl your scores are really getting good!

Anonymous · ‎12-29-2007

I spent $320 for X-mas--I had to test drive the new Citi. Other than that I do not go over board, as I buy all year long, not just for one day. Besides there is a day after X-mas, I say there is no need to go broke behind this one day and have to stress to payoff CC debt the rest of the year--I have been there and done that. I am going to pay off 300 next week probably, and let 20 report.

Message Edited by jaybee on 12-29-2007 08:26 PM

Anonymous · ‎12-29-2007

I spent $400 on cc's and will pay all but $7 before next statements close therefore UTL will be 1%.

I did not spend with the intention of carrying balances.

Anonymous · ‎12-29-2007

jaybee I hope to be like that for Christmas of 2008----I think I managed pretty well this year though--in all I plan to have all my debt erased before February's reporting ---I am currently averaging about 25-30 percent UTI will try to be down to 15 percent by Jan and down even lower 1-10 percent in Feb

orl2185 · ‎12-30-2007

netpanther wrote:
Wow Orl your scores are really getting good!

TY NP, great folks like yourself strongly contributed to my success

Anonymous · ‎12-30-2007

@Anonymous wrote:
jaybee I hope to be like that for Christmas of 2008----I think I managed pretty well this year though--in all I plan to have all my debt erased before February's reporting ---I am currently averaging about 25-30 percent UTI will try to be down to 15 percent by Jan and down even lower 1-10 percent in Feb

Even though they are not as low as you want them to be, under 30 is still good, I have seen people max out there CC's for X-mas (which in m opinion is a potential set-up for disaster) , they complain and then go into 08 with stress--so I say you are doing good. Like I mentioned in my PP, I am over doing that.

I said I would spend $300 whether it was 3 or 30 people.I only went over $20.

Anonymous · ‎12-30-2007

jaybee thanks for encouragement you guys on here have help me get where i am today!!!! I am trying to be as smart and responsible as possible --I want lenders to lender to me all that they are willing never know when you may have a rainy day but I will not ABUSE IT!!! Thats a promise!!!!!!

Anonymous · ‎12-30-2007

@Anonymous wrote:
jaybee thanks for encouragement you guys on here have help me get where i am today!!!! I am trying to be as smart and responsible as possible --I want lenders to lender to me all that they are willing never know when you may have a rainy day but I will not ABUSE IT!!! Thats a promise!!!!!!

No problem. I think we all help each other, that is the main thing that I love about this forum