@Ktl72455
The equipment, i took back to the cable company. I paid the debt portion, i paid with collections & they're the ones who said they couldnt' take it off. They said it will get updated to "Paid in Full". Both places, the cable company & the debt collector confirmed the equipment collection WILL come off the report because of the fact that it wasn't an actual "money balance" problem. Thanks for your question!
The equipment, i took back to the cable company. I paid the debt portion, i paid with collections & they're the ones who said they couldnt' take it off. They said it will get updated to "Paid in Full". Both places, the cable company & the debt collector confirmed the equipment collection WILL come off the report because of the fact that it wasn't an actual "money balance" problem. Thanks for your question!
So Ktl your saying pay the first statement before the due date basically.
Jandj80 my question is when you say leave that balance of maybe 20% on the first one, are you saying not to pay in full & get an interest charge on the first bill, so that it will report activity on the account?
So pay one of the cards in full and leave a minmal balance on the other. How high should the leftover balance be percentage wise? I think one of you said 9% maybe. And when I purposely leave the balance, I'm assuming pay the rest on time, outside of the balance I want left over, then pay all of that off after the statement posts/New billing cycle?
Then, my next question would be when do I leave a balance on the other card, or should I always pay that off?
thanks
Do the same thing to both cards the FIRST month. Leave 9% on them both, let it post to the statement, and then pay the interest and payment down to zero on both cards.
The second month, leave one card with 9% and pay the other one to zero BEFORE the statement cuts.
The third month, leave the 9% on the other card, and pay the other one to zero.
Always leave 7-9% on ONE card and have all others report at 0 balance.
You need to show that you are using each account, and paying your payments on time. If you never use one, it will show nothing for last payment amount, highest statement balance, etc. and the CRA will assume you are not using it. Also, a creditor can close your account for inactivity, so you need to use them each at least once in a while. Best thing to do is use each card to fill up gas once a month, or put a small debt on autopay (electricity or water bill) and then leave the card alone the rest of the time.
Starting Score: EQ 416 TU 498 EX 468 Lender Fico's July 2012
I had the feeling you were going to say that. I trust you know what you talk about. It's interesting because all over the web you see different answers to this. I've even seen the so call experts talking about don't ever leave a balance. As i said I'm thinking you know for sure, but it interests me how many answers are out there. Thanks for giving me more info.
It is rumored that the 7-9% will give you the BIGGEST score boost. However, there is nothing wrong with PIF every month, but you should always PIF before the statement. If you wait until the statement cuts, and you have charged $900 on a $1000 card, your score will dive. Even if you pay that off when you get the bill, the CRA reports what your statement says, which would leave you at 90% util. That could cost you a ton of points, so never let it report a high balance.
Understood. I certainly can tell u I will not be letting that happen. 10% is prob the average I'll stay at when I do make purchases. I'm not running that risk of even being in that situation.
Good news update: I was following up on my disputes. The interesting thing is that when I follow up on them it shows me the latest info, almost like giving me new copies of my reports. The biggest news is that apparently, the #1 thorn in my reports, AFNI the phone bill collection that was showing in collection with a 626.00 balance, seems to have been deleted all together! I emailed Afni about trying to settle for delete, but it seemed they werent having it. Then (contrary to normal believe) I sent them a nasty email about decrepancies on the amounts (I didnt believe I owed that much, but had no proof). I told them about how I had info to support what I'm saying and so on & that they better figure it out with proof & if they cant, delete it! They emailed me back the same day, like a week ago saying they would investigate & message me with their findings. Hadn't heard anything all week. Then I'm checking into some things this morning and SURPRISE: It is deleted from all 3 credit reports. This is big for me because I had 3 collections. 2 were from the same cable company (which I paid in full, trying to get delete from Comcast), but those 2 were only reported to Experian. This one though was on all 3. I think this was a nice win!