Ditto. Banks have that info, and can tell how much is being paid each statement cycle. So they're gonna know if you consistently PIF, or if you only did it recently.
If a person feels better about paying it down before it cuts, fine. But i too see no benefit unless there's an app coming.
Well I think most people want SP CLI's because they like getting something for nothing, or they already have way too many HP's for the year!
If I really wanted the CLI, or larger than what I got via SP. Then I'd burn the HP. But then again I usually never have more that 8 in a 2 year period. Because I know that after so many in a short time the Lenders start wondering about you.
That said, I wonder about the wight HP's have that aren't followed by a new account? Say a person has 8 HP's in the last 3-6 months, yet they have 2 new accounts in the same time span?
There is absolutely no negative impact to paying off your statement balance and then asking for a CLI so I still fail to see why there is the suggestion to micromanage the balance. It makes you stick out as an anomaly and most of us on this site are already anomalous enough.
A CLI is not an application for new credit, it's a request to extend more credit to an account that already exists. The lender already has all the data they need to make that decision except possibly a fresh credit pull and your current income. Pay before the statement cuts, pay after it cuts, doesn't matter as long as you pay. It's just much more work to pay before it cuts.