High Utilization

[SouthJamaica]

---

@Meanmchine wrote:

I have a cousin who is struggling with high utiliztion. She has not missed any payments and so far no AAs. She has multiple accounts with these lenders, BoA, Comenity, Synchrony, Amex, and Barclays. She fears that she will soon have to miss a payemnt here and there. ( cards are 40% - 60% util atm )

Her question is with the lenders listed above, who is more likely to get spooked first? If she has to miss a payment on an account or two, she wants to know so she can try to keep her cards relatively intact.

She anticipates coming into a considerable amount of money within the next 6 months so she has no need for radical options.

Thanks !

---

Barclays.

[Anonymous]

---

@kilroy8 wrote:

That 1st 30-day late murders your score. I would be all about preventing that.

---

+1

Every credit card gives upto 50 days from the date of payment to catch up with that minimum payment? without it reporting as 30 days late. Yes you get a lot of phone calls regarding your payment, always willing to get your bank account & routing to make payment right away, however never ever give that;  never let a bank know your accounts, where they are but also be very very careful you do make the minimum payment atleast 5 to 10 days before the next statement cuts and minimum payment becomes due.