Equifax listing incorrect negative reason

[MidnightVoice]

flyers wrote:

The CC statement period ends on 6/18 and they usually update to CRA's by the 26th.   I think if I bought something today or tomorrow that the new balance would show up in time.     Do you really think that being at 1% util will be better for my score than being at 0% util come review time with the lender?

So you have a couple of days to show some activity.  gas and a coffee?

[Anonymous]

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MidnightVoice wrote:

flyers wrote:

The CC statement period ends on 6/18 and they usually update to CRA's by the 26th.   I think if I bought something today or tomorrow that the new balance would show up in time.     Do you really think that being at 1% util will be better for my score than being at 0% util come review time with the lender?

So you have a couple of days to show some activity.  gas and a coffee?

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Do I need to be exactly at or above 1% util or will a $20 gas/coffee be ok on a 13k line?  

   Man, this scoring is weird. I would have thought paying down to zero would be the best thing come mortgage app time.    Glad this forum is here.

[Tuscani]

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flyers wrote:

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MidnightVoice wrote:

flyers wrote:

The CC statement period ends on 6/18 and they usually update to CRA's by the 26th.   I think if I bought something today or tomorrow that the new balance would show up in time.     Do you really think that being at 1% util will be better for my score than being at 0% util come review time with the lender?

So you have a couple of days to show some activity.  gas and a coffee?

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Do I need to be exactly at or above 1% util or will a $20 gas/coffee be ok on a 13k line?  

   Man, this scoring is weird. I would have thought paying down to zero would be the best thing come mortgage app time.    Glad this forum is here.

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1-9%

[Anonymous]

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flyers wrote:

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Tuscani wrote:

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flyers wrote:

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Tuscani wrote:

I would ignore.. You sometimes have to take what is suggested with a grain of salt. Carrying 1-9% util is ideal.

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I was going to pay off the remaining $100 or so left of those two cards this week so I have zero CC debt.  Should I do that or leave a small balance?  My util now is already less than 1%.  

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Don't PIF. Try and stay at 1-9%.

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Ughhhh,  my wife just told me that she paid off those cards in full yesterday.   Now we are at 0% util.  Should I go and buy something to bring it up to 1% util?     I would have thought the mortgage lender would prefer 0% util for my DTI ratio when we meet in 3 weeks.

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If you're going for a mortgage than I would definitly have those cards at 0.   Your DTI is just as if not more important than your FICO score

[MidnightVoice]

Well, buy an SUV then gas and a coffee will be 1%  

Some aspects of FICO are counter intuitive.  It is based on whether or not you are a good credit risk.  Someone who uses CCs every month and pays them off (and can be SEEN so to do) is less of a credit risk than someone who has cards that APPEAR to be unused.