@Anonymous wrote:
Just to give my own experience, I only have 1 card. When I paid off my balance with my Cap1 card, I wanted a balance reported. My closing date was the 28th and I would charge my cellphone bill on the 29th. April it reported a balance of $61 (credit score 790 on TU) when I did this in May it reported a $0 balance (790 TU) again in June a $0 balance (802 TU)...Doesnt matter to me its more about payment history now....They have to report that...
So in April you had a non-zero balance, 790 score. May a $0 balance, 790 score. Then, June a $0 balance and an 802 score?
If the above is true, it sounds to me like your scoring penalty for no revolving credit use is exactly equal to your scoring penalty for all revolvers having a balance. Perhaps this penalty is (say) 15 points. When you report $0 on all (your only) revolvers, you take the 15 point penalty. When you report a small balance on it, you lose that 15 point penalty, but take on a 15 point penalty for 100% (your only) of your revolvers having a balance.
The fact that your score then bumped up for June suggests to me that something else changed. My guess would be one of your age of accounts factors caused that change. Do you know what your AoYA, AAoA and AoOA where at the end of May verses the beginning of June?
