@RobynJ wrote:Thank you both. I have been doing exactly that, stressing on not spending more then 28% of CL and making sure it was paid prior to statement day (it's a pain in the azz with pending transactions and all). Well I have been using them all the time and making 10+ payments a month to assure I am under the util I always read about in here.
Little correction. You dont want >28% reporting on individual cards or aggregate util come statement date. Its not usage. Its reporting. Thats plastered all over the internet. The more you spend on a card. The better chance of getting CLI's increases. So you can knock out all the payments your making a month. Good Luck!
Thanks for the input. It's weird once you get started building again, it's like an itch you have to scratch.
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@RobynJ I wouldn't exactly call AZEO talk "propaganda" but yes, it is definitely mulled over much more than necessary here. If the utilization on that AU Amex remains as is, your score will be comfortably over 700 if there are no derogatory items on your reports. I agree with everyone else, don't let it spoil your weekend. 10 payments a month and even the smallest amount of stress is unnecessary. Use 1 or 2 each month naturally, pay, rinse, rotate, repeat.
Guarantee NFCU will give you a nice raise soon and then you can enjoy my insane rants about Credit One and Open Sky and who to close, and the whole gang can tell you who to apply with next. Don’t rob yourself, or us of that fun by overly stressing, we've all been there, before you know it it'll get MUCH easier 🙂
@RobynJ wrote:I have posted my journey on another post but have a question about the new CC I recently acquired. I have a 0 score still (started building back in February) so I have another 4 months until a score will generate I am to understand. My question is should I let a small balance report on each card before PIF or should all but one carry a balance before PIF? I have seen different ideas on here to which is a better option. Please advise.
The optimal method for scoring purposes is to let all but one report zero while one bank card reports a small balance before paying it off ("All zero except one" = AZEO).
"Carrying" a balance means carrying a part of the balance forward from one cycle to another; there is never an advantage to doing that.
I worded that wrong, I was trying to say should I let a balance report then PIF. Thank you for the answer. I love the help and considerate ways of others on here. Finally a place to not be judged but instead lifted up to be a better me.
I am excited to know that with patience I can do exactly that. Thank you!
@RobynJ it's a pleasure. Everyone was so great to me when I was rebuilding as well. I'm confused about something... when did you last check your scores? I thought the 6 month thing only applied with new accounts that haven't aged. In the thread "credit rebuild project log" (my ALL TIME favorite... highly recommend), the OP added his mom in law to a seasoned account and she had a 770 in a month. I did this with 3 of my children as well and it took weeks. If that Amex that you are AU on is not a brand new account, you may have had scores generated already... just a thought. Maybe @SouthJamaica or @Jnbmom or @FireMedic1 can chime in.
Ok found the thread here:
I did this with all 3 of my youngest as they turned 14 or so and they've been over 750 their whole time in the credit world. Check it out, and if you can, try to ignore my fanboy behavior... it was 2016 and I was still excited just to be here 🤣
Unfortunately I learned after being added that AMEX stopped allowing AU to benefit from the AOA back in 2015 (I believe). Either way I will benefit from the good pay and high CL.