Thats frickin awesome! CONGRATS on your hard work and determination! Check out the AZEO method. Looks like you are right up that alley.
Congrats!
Q: I would like to believe i'm at a place where I will be responsible with my cards and only pay in full. With that said, do I need to report a balance? I would prefer (if possible) to just leave them at zero. I have a car loan and student loans (deferred) will these be enough to keep the Credit Gods happy?
A: You don't have to report a balance, but you will take a scoring penalty if all revolving cards are reporting $0. You are more of a risk if you are not currently using your revolving credit.
Q: I was originally thinking I would put all of my purchaes through my Citi card. Pay all but a few dollars, let the statement cut showing a few bucks (nothing crazy < $100). Every month pay the statement balance in full but make sure that there's a balance before the statement cuts. Doing this would allow me to utilize my rewards, avoid interest and show some usage.
A: This is perfectly reasonable and would maximize your credit score. However, unless you would be very heavily using the card's limit each month and would be applying for new credit, it may be additional work without a need. Just taking the natural course of making purchases and paying the full statement balance prior to the due date would also allow you to do all of those things without having to micromanage the account and possibly make multiple payments each statement cycle.
@Anonymous They have pretty much said it all Congrats on your success and Keep up the great work!
@Anonymous wrote:When I was 18 I got my first credit card - fast forward 16 years and I have always carried a balance. Poor financial choices on my end. I had decided enough was enough! Over the last few months I have been grinding out my last 11k. I'm proud to say come the end of the month I will pay OFF my final balance once and for all.
I would like to believe i'm at a place where I will be responsible with my cards and only pay in full. With that said, do I need to report a balance? I would prefer (if possible) to just leave them at zero. I have a car loan and student loans (deferred) will these be enough to keep the Credit Gods happy?
I was originally thinking I would put all of my purchaes through my Citi card. Pay all but a few dollars, let the statement cut showing a few bucks (nothing crazy < $100). Every month pay the statement balance in full but make sure that there's a balance before the statement cuts. Doing this would allow me to utilize my rewards, avoid interest and show some usage.
Every few months I'll use one of my other cards for a small purcahse to keep them open and pay in full.
What're your thoughts? Thank you!
It will help your scores to report a small balance on one card each month before you pay it off.
It can be $10 or $20, doesn't have to be a lot.
