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@OmarGB9 wrote:I don't think they can tell, especially if the same balance seems to post month to month. As for whether they care, I would think they would if it looks like your balances across all cards never seem to go down. Even worse if your balances start increasing every month.
I'm mortified
I have always approached credit card usage as a way to "float" money that I know I already have for an extra month and a half due to the lag between when charges post, the statement cuts, and the due date. Am I doing anything with that "float" money? No. But it always feels so great to feel like you had the money in your bank for an extra month and a half (even though I did not need that extra time). Am I doing this wrong? .
I suppose my CR looks like I've been carrying a constant balance for the last year then.... . But that's just me having incredibly predictable and constant monthly expenses that get paid off by the due date everytime. AZEO be damned
@Credit12Fico wrote:
@OmarGB9 wrote:I don't think they can tell, especially if the same balance seems to post month to month. As for whether they care, I would think they would if it looks like your balances across all cards never seem to go down. Even worse if your balances start increasing every month.
I'm mortified
I have always approached credit card usage as a way to "float" money that I know I already have for an extra month and a half due to the lag between when charges post, the statement cuts, and the due date. Am I doing anything with that "float" money? No. But it always feels so great to feel like you had the money in your bank for an extra month and a half (even though I did not need that extra time). Am I doing this wrong? .
I suppose my CR looks like I've been carrying a constant balance for the last year then.... . But that's just me having incredibly predictable and constant monthly expenses that get paid off by the due date everytime. AZEO be damned
AZEO only matters when you're planning on applying for new credit within the next month. There's very little point in keeping up AZEO month after month while you're just gardening.* There's no substantial harm in having larger balances shown on all your cards every month, as long as you go AZEO during the month before you actually apply for new credit.
*Historical balances matter some with the new VA4 and FICO 10T scoring models that use trended data, but don't matter at all for the other (most widely used) scoring models
The article is old but the answer is yes depending on the loan. I know this data is supplied for real estate loans. Not sure if it is supplied with other types of loans.
https://www.creditcards.com/credit-card-news/trended-data-credit-bureaus-1270/
What they can see is whether your total debt is overall growing, shrinking, or staying the same. While that's not quite the same as seeing that you PIF, it's close -- overall your utilization will remain stable, and not grow, as your balance reflects your monthly spend, and, overall, your utilization on that should be low since your monthly spend shouldn't be a large fraction of your credit limit.
Keep in mind a creditor is reporting to the bureau each month. The credit bureau upon request of the lender or creditor reporting agency will deliver the credit data back in a data format that may or may not be in a Metro 2 format. What information is returned by the bureau is based the subscriber code that was used to pull report and what is requested by the lender. The credit bureau will store all the information reported by creditor each month.
To clarify: The subscriber code is the account that creditor used to pull the credit report. What product(s) like scores etc is based on what is enabled for the subscriber code. A hard pull is supposed to be done in the case of the pursuit of new credit which includes credit limit increase(s) and new accounts. Some lenders in the credit limit increase case will use a soft pull but it is upto the lender.
@Anonymous wrote:
Yes it is up to the lender but the information they receive, whether hard inquiry or soft inquiry, should be the same as they would be using a seeking credit hard inquiry or an account review soft inquiry.
Am I my missing something?
Nope.