cancel
Showing results for 
Search instead for 
Did you mean: 

Love the 750% increase

FiresOut
Super Contributor

Love the 750% increase

Got an alert today on here. Balance from $16 to $136 and 750% balance increase.....Geez. You'd think I left a $10,000.00 balance! So next month I'll go back to $16 for the 750% decrease. Gotta love credit!

Message 1 of 12
11 REPLIES 11
CAPTOOL
Senior Contributor

Re: Love the 750% increase


@FiresOut wrote:

Got an alert today on here. Balance from $16 to $136 and 750% balance increase.....Geez. You'd think I left a $10,000.00 balance! So next month I'll go back to $16 for the 750% decrease. Gotta love credit!


Actually, that would be an 88% decrease.

Message 2 of 12
FiresOut
Super Contributor

Re: Love the 750% increase

Really? Love how EQ does %, the rest show amounts...........

Message 3 of 12
BrutalBodyShots
Super Contributor

Re: Love the 750% increase

What's the credit limit?  If it's $1400+ from a FICO standpoint there really isn't much of a difference between $16 and $136.  If the limit is $500 then it would matter utilization wise a bit more but either way it's not a huge deal with such small amounts here.

Message 4 of 12
FiresOut
Super Contributor

Re: Love the 750% increase


@BrutalBodyShots wrote:

What's the credit limit?  If it's $1400+ from a FICO standpoint there really isn't much of a difference between $16 and $136.  If the limit is $500 then it would matter utilization wise a bit more but either way it's not a huge deal with such small amounts here.


$10.000

Message 5 of 12
RonM21
Valued Contributor

Re: Love the 750% increase

That 750% does make it look so overwhelming lol
                

TCL: $306,100Utiliz: 6%AAoA: 5yrs 2mOther: Lease, Loan, *No MortgageCollections-Lates-BK's: 0

LWS-35k | BOA-50k | AMX-32.4k | DISC-33.6k | ALNT-25k | NFCU-33k | BARC-15k | BBUY-12k | CSE-10k | CP1-10k | CITI-11.7k | PF-38.4k


Message 6 of 12
BrutalBodyShots
Super Contributor

Re: Love the 750% increase

With a $10k limit there should be no difference between reporting a 2 digit balance verses a 3 digit balance as both would be < 1%.

Message 7 of 12
FiresOut
Super Contributor

Re: Love the 750% increase

 photo 750_zpsmsknxofm.jpg
Message 8 of 12
tel12
Established Contributor

Re: Love the 750% increase

Not sure what is going on but math is a pure science and not done with smoke and mirrors. If your $16.00 had gone up by 100% that would make it $32.00 if it went up by 200% that would be $48.00 for it to have gone up to $136.00 that means it went up 850%.
FICO 8 Scores Eq 821 Ex 820 TU 841, 210K Available CL, 1% Util


Message 9 of 12
CAPTOOL
Senior Contributor

Re: Love the 750% increase


@tel12 wrote:
Not sure what is going on but math is a pure science and not done with smoke and mirrors. If your $16.00 had gone up by 100% that would make it $32.00 if it went up by 200% that would be $48.00 for it to have gone up to $136.00 that means it went up 850%.

Uh, no. It's 750%. 136 - 16 = 120. 120 divided by 16 = 750%.

Message 10 of 12
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.