PIF & Utilization

[kb]

I've read several posts, but I guess I'm just not getting it...  I have my CC's set up to PIF on the due date electronically.  Does this mean that I won't have any utilization?

[MidnightVoice]

Your utilization depends on what the CC reports to the CRA.  This is usually the statement balance.  So if you run up a card to very near the limit, then it gets reported to the CRA, then you PIF, you will appear to have a very high utilization.

This was the mistake I made before coming here

[Anonymous]

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MidnightVoice wrote:

Your utilization depends on what the CC reports to the CRA.  This is usually the statement balance.  So if you run up a card to very near the limit, then it gets reported to the CRA, then you PIF, you will appear to have a very high utilization.

This was the mistake I made before coming here

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I agree with MidnightVoice. I used to run up my DW Providian card to the max every month and then PIF. But I did not realize it was reporting as nearly 100% utilized every month when the statement was cut. To make matters worse, WAMU sold her account when they bought Providian and blacklisted her from getting another card.

[kb]

Thanks!  So, it sounds like I can continue to PIF, but I should try to keep utilization at 1 - 9%. 

[Anonymous]

if you get true credit you can see which day they credit cards are reporting to the CRA and then set it up to PIF a couple days before, instead of waiting for the statement to pay them, often they don't report on the same day that the money is due.