Utilization/maxing cc out question

[wallacecody25]

I have a quick question for everyone. I recently started rebuilding my credit, and I have a capital one secured cc with a 375 limit. I've always PIF every month and not exceeding 30% of the total balance throughout the month. This month however I've hAd some surprises and I have a balance of 350 on the 375 limit. As long as I PIF before it reports I shouldn't see a drop in credit score correct?

[pritchardhallhokie]

Yes as long as y ou pay before the payment due date, you will see NO change .

[Anonymous]

Actually, if you pay $347 of the $350 balance BEFORE the statement closing date, and then, pay the remaining $3.00 balance before the statement due date, you should see a nice little "increase" in your FICO score.  

[wallacecody25]

Great! Thanks for all the great information!

[Anonymous]

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@pritchardhallhokie wrote:

Yes as long as y ou pay before the payment due date, you will see NO change .

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I disagree. OP should pay before statement closing date, not the payment due date. If the statement closes and he pays before the due date, the $350 balance is still reported and should hurt his FICO.

[Anonymous]

HSBC Reported my "balance" in the middle of a statement period, by the time I paid most of it off... (Just Nov spending/bills) *sigh*