I'm in a time crunch to get to 620

[let]

on the 20th of this month my CU credit card will report a balance of $28 limit is $1,000. 

Other cards that have already reported

1st premier $90   $250 limit

HSBC         $50   $300

Creditone Bank will report on the 23rd of this month  balance of $8.90  $200 limit.  I have a loan balance of $1800, never late on this loan or any of the above cc's.  My Eq is 587 and my TU is 624.  Do you think I'll get enough points to raise my EQ?

[Anonymous]

You have about a 10% utilization on your credit cards... ideally (from what I've read / heard) you would want a 10% or less utilization so you're not far off on that regard.

[Anonymous]

You're at 11.79% total utilization for the cards that you've listed here (is that all of them?). BUT, FP is at 36%, HSBC is at 16.6%. If all of your cards are listed, then you're reporting a balance on every card. I think that you'll see the biggest boost by getting all of those cards, except one to report zero, allowing only one to report a balance that's no more than 1 to 9% of your credit limit.

So, for this month, can you get your credit union card paid off before the 20th, and creditone paid off before they report on the 23rd?

I don't know if that's going to be enough to get you to 620 this month. Were you previously maxed out? Are there other baddies holding you back? Are any of your accounts having a birthday this month, by chance?

[let]

I can pay the $28 before the 20th, HBSC will report a  zero balance on the 31st of August, Creditone will probably stay at $8.90, that's because I make online payments and that's the charge.  FP I'm not sure when they report it will be a $20.00 balance.

On my CU cc my balance last month was $821.00 with a $1000 limit.

on TU I have a collection from Midland $939 falls off next month and a paid TWC $147 falls off dec

                  

On EQ: I have 3 collections 2 medical one TWC paid, falls of Dec 09

[Anonymous]

$8.90 to make an online payment!?!?  I would rethink that strategy...

[let]

Ok well I just paid the last of the $28 on CU cc that will report 0, HSBC will report a zero balance by 9/04, FP as of right now should report at $22 balance, but I'm going to make another payment so it will be zero, just don't know about there reporting to the CB they are all over the place.  Creditone, for the $8.90 I'll send in a money order, but don't know if it'll get there by the 23rd.

[let]

yep! I just wanted the previous $176 off before they reported again..

[Anonymous]

Let,

I would like to see you get out of those Credit One and First Premier cards as soon as you are able to. Is it possible for you to scrounge up some pennies to get a secured card from BOA or Citi (a REAL bank) that would total those limits so you can fire those cards? Even 2/3s of the limits will be better than paying those crappy fees just to pay your bill online. God I'm so glad I burned Credit One.....proudly! LOL

I went the FP route myself (Rewards 660....) they apparently thought it was fraudulent to pay my credit card twice in one month. They then wanted me to fax a copy of my bank debit card. I told them to go *stuff* themselves. The stupidity of it was I had a balance that they were will to accept from me to pay it off in full with the same bank card. But would not reactivate my card. It was a crappy $300 limit card anyway, so I told them as long as I GET TO cancel it, it would be ok. Which I did and then got a BOA $1k (initially) secured card. I then upped it to @2k, for 9 months, it was secured. After that, it got unsecured and a decent $4k limit. To this day, I have yet to utilize 50% or more on that card. 40-45 percent, sure, cause I needed a washer. But ALWAYS have money to PIF. Just because I can put stuff on the card, doesn't mean I will, unless I can afford it with cash-money. LOL.

[haulingthescoreup]

Stop letting balances report, except on one card. You don't want 9% or less on every card, just on one card.

I'd go with the CU card as being the one that reports. I don't know when First Premie and Credit One update (probably on statement dates), but HSBC is the odd one --it reports the balance as of the last business day of the month, and it can be slow to send in the info.

I wouldn't even use the CreditOne card, with that stunt that they pull. They can probably slide for a month or two.

[AndySoCal]

I presume with the goal of getting to 620 you want to buy house. Correct ? If so the lender will pull all three bureaus and use the mid (middle) score of the three.