1) First let me say:
a) Thanks for being stand up enough and in the position to care for your great granny
b) If that expense is longer there due to losing her, may I send my condolences.
2) It ticks me off that so many have been sold this bill of goods that in order to be a good
customer CC companies 'need' you to keep balances so they can continue to make %
'just to be friends'..........
freak that, bro
you said 97% across 15 cards for a year again FREAK THAT...they've made PLENTY!
As a matter of fact, holding that much debt load is actually keeping your score down thus COSTING you better terms
than you'd probably get after a few clean months of low/no balances.
Not sure but if your situation were simliar back when you got that last CLD...it might be b/c you allow debt to sit around
on cards.
There is a pont where carrying a heavy debt load on a card for some lender seems RISKY (and with good reason) which in turn
is way more likely a rational reason towards CLD vs a person actually PAYING the bill!
Think of it this way if a person ran up their tab and PAID and ran up their tab and paid
vs another person that ran up their tab and it just kinda stayed there ...as if they COULDN'T afford to PIF
Which would YOU CLD vs CLI? The payer or the nibbler? c'mon ppl
*Now are there times where outside forces in the overall economy or somethng internal at the bank cause CLD for the bank's health = Yes.
But that has NOTHING to do with a PAYER paying his/her bill, my friend.
(Trust e I've been behind the scenes at well known lenders and there are times where THEIR finances are the issue NOT the applicants.
there were times UW were told to just raise the standards to outrageous B.S. just to able to TD everything for a while until X,Y, Z cheaper credit line were accessible to the LENDER...meanwhile we were TD ppl that would have been approved any other 355 days the same year.
it can be dirty poker)
Back to Andy...PAY IT OFF NOW!
Take your credit bump
Ask for CLI
and freak any lender that wants to go, let 'em go
Remember w/o all that debt AND the pay-off of those high credits will make you 'pretty' to the NEXT girl if need be...
you see keeping the debt load keeps you 'stuck' b/c your scores are lower than they would be, with low debt load maintence
See we get 'something' reporting with keeping a 'real' balance very different...
Ex:
There are times where I purposely hold some payment for a few days, just for reporting and payment issues.
Ok I had a $504 balance on my USAA on Thursday the 30th I paid $400 know that the statement would cut and it did on the 2nd Saturday..
the $104 is sitting in the checking account for a Tuesady payoff (normally it's the day after but with the holiday w/e I don't want any confusion before the statement processing with them giving me 'love' and processing all w/e biz together)
My point and goal is $400 pays down the bill but allows for a $104 or 2% usage to be recorded for the July 2nd reporting and I can PIF ( the $104) on the very next day after reporting (pay zero %) and everybody is happy no fuss no muss
a) CC company got their love
b) CR saw low usage based upon 'reported' balance (again a constant zero usage not good but 1-2% fine)
c) Plus I get to check another on-time payment......
remember the 'minimum due by the 27th (based on 25 days from the 2nd) would only be $20
but b/c the $104 is knocked out right after the switch over 'next months payment is done again no muss no fuss
!