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When is the best "time" of your Statement Period to PIF in order to Boost Credit Score

New Member

When is the best "time" of your Statement Period to PIF in order to Boost Credit Score

I am in the process of building my credit history/score. I've been paying my current card off in full each month, sometimes twice a month.

I believe I've been going about it wrong tho. I do believe the Credit Bureau has been stating $0 Balance. The way I understand

I belive I should be showing a small balance, not to exceed 30% of my Available Credit Limit. I've just been working so hard to build that

I think I'm jumping the gun and PIF too soon. I'm just unsure if I should wait....log on to my account and check my statement for a Balance before paying.

This last statement showed $0 Balance and $0 Min due before "x" date and $300 available Credit.


Could someone please enlighten me with their expertise? 



Smiley Happy

Transrisk: 521 ; Vantage: 623
Cap1 Secured: $300 (since 3/12 - Never paid interest-PIF Mthly); Sears MasterCard (New): $400: Comenity (New): $500
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Regular Contributor

Re: When is the best "time" of your Statement Period to PIF in order to Boost Credit Score

I am not an expert on this, but I think the idea is to have a much lower balance - i.e., 1% - 5% utilization.  So 30% might be too high.  with a credit limit of $300, you need to show some activity - maybe spend about $20 a month and pay it off.


HTH - Oy

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