@Eyepinpools wrote:Ouch they hit you big showing no balance. I slightly overpaid my AMEX this month (not all charges finished posting prior to closing day) and I was upset to see my AZEO drop on EX takes me from 770 down to 754.
Bad timing, I've been planning to request a CLI tomorrow for the last several months. Anyone know which CRA AMEX SPs from?
Crap always happens when you're planning something big. After the fact, my Disco card had all kinds of pendings and interest, ready to post and mess up my $zero Disco statement balance. There was no way to pay the pendings or the interest off before the posting date ( I even had money being sent over and above my balances from outside to make sure $zero would post), so I pre-emptively stated my case to the CSR that I NEEDED $zero to show on my statement at closing. I told them I was locked out of making payments from their site. They said if I found my statement not at zero, call them back, and they would re-send a $zero statement balance to the CRAs immediately. It was fixed a couple of days after.
It worked for me there, but when a credit union of mine messed me up by NOT being open on New Year's eve (a Friday) to enable me to pay off and get to at least 1-4% on that card, I ended up with 56% utilization on that card and my score was down 10's of points for the rest of January. So delayed my credit card spree as well. 
I've been having trouble achieving a zero reported balance on many of my cards that get heavy use by my family members. Even if I pay the entire statement balance by the due date, it seems I'm always charged interest that then reports to the credit bureaus. So how do you pay down a card in time to achieve a zero balance by the reporting date?
Even if I freeze or lock the cards for a few days before the statement cuts, automatic recurrent payments sneak through. I'm having a devil of a time getting my cards to report a zero balance even if I pay off the total balance due prior to the reporting date...
@Eyepinpools wrote:
@ridgebackpilot wrote:I've been having trouble achieving a zero reported balance on many of my cards that get heavy use by my family members. Even if I pay the entire statement balance by the due date, it seems I'm always charged interest that then reports to the credit bureaus. So how do you pay down a card in time to achieve a zero balance by the reporting date?
Even if I freeze or lock the cards for a few days before the statement cuts, automatic recurrent payments sneak through. I'm having a devil of a time getting my cards to report a zero balance even if I pay off the total balance due prior to the reporting date...
Someone probably has a better option but if I really want a card to show zero and I'm not sure what small charges might hit it before closing I just overpay a couple days befpre
the closing date. Only some lenders will let you do this though.
And @ridgebackpilot, I feel you guys. So, no, most CC online portals wont let you overpay what is due, but they won't stop incoming payments from an outside source. I usually send many $hundies over what is due from an outside payment source just in case. The balance sheet usually ends up with a credit on the closing statement. Take that, Amex! 
@ridgebackpilot, the solutions that come to mind re your family members all seem to be a bit extreme. 
But one thing is likely, and that's that you shouldn't be charging on a card when interest is being paid. And it's a certainty that no one should be charging to a card when you're trying to have your grace period restored.
If you want to make it feasible to achieve a zero balance come statement time, you'll need to either move the recurring payments to a card with a different closing date or move the payment dates.
If you're not sure how to restore your grace period in the quickest fashion, call customer service and ask for help. They might be able to give you a payoff amount that would avoid trailing interest.
@HeavenOhio wrote:@ridgebackpilot, the solutions that come to mind re your family members all seem to be a bit extreme.
But one thing is likely, and that's that you shouldn't be charging on a card when interest is being paid. And it's a certainty that no one should be charging to a card when you're trying to have your grace period restored.
If you want to make it feasible to achieve a zero balance come statement time, you'll need to either move the recurring payments to a card with a different closing date or move the payment dates.
If you're not sure how to restore your grace period in the quickest fashion, call customer service and ask for help. They might be able to give you a payoff amount that would avoid trailing interest.
That's the term I needed: trailing interest. 👍 It bites.
Solid jump.
EX isn't your friend either, I see.
As for AZEO, I've found that, at least for my profile, up to 1 in 3 cards can report without impact -- on FICO 8. The large benefit / impact I've seen is with mortgage scores.
Currently I have 5/17 cards reporting (the US Bank Altitude Go is new). When 6 of 17 have reported, my FICO 8 score has taken a modest hit.
@FireMedic1 wrote:Glad your back. Higher scores take higher hits. That was a ding and a half. Hope you got your new card.
Example:
The estimate of ~3 yrs for a score to recover from a foreclosure with a starting score of 680 seems pretty good (relatively speaking).
Would that 3 years be from the date of foreclosure or the date of first deliquency?
Congratulations on your quick recovery, @LP007 !
I have a question regarding the AZEO method: Does the lone card that one allows to report a balance each month have to be a major credit card, or can it be any revolving trade line . . . . like, say, a personal line of credit or overdraft line of credit?
