I no longer trust MYFICO reports and scores

[Involver]

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@Imhotrodcrazy wrote:

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@pizzadude wrote:

I'm curious as to what overall utilization and individual card utilization is being reported.   While a $317 balance does in fact show credit use, it could be the relative use of credit in relation to credit limits is what is driving this message.

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The $317 represents 1.6% utility on my US Bank Cash + card which has a credit line of $19,500.  I paid $1,800  in full before my statement cut.  The $317 was what was charged between statement date and the end of the month reporting by the bank.  My other other two cards have a zero balance.  Those two lines both have 15k limits.  Some say just let a few dollars report on one card and it shows credit use.  However, that doesn't seem to work on my report.  Thanks for the input and help.  

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So -

You PIF before statement cut, so your card reports a $0 balance.  

You reported a 0 balance across all cards, you lost points.

So hopefully you learned something new today.  Your reported balance is the balance your statement cuts at.  The $317 in charges are now eligible to report on your next statement if you do not PIF.

A lot better to ask questions than point fingers.

[Imhotrodcrazy]

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@Involver wrote:

The $317 represents 1.6% utility on my US Bank Cash + card which has a credit line of $19,500.  I paid $1,800  in full before my statement cut.  The $317 was what was charged between statement date and the end of the month reporting by the bank.  My other other two cards have a zero balance.  Those two lines both have 15k limits.  Some say just let a few dollars report on one card and it shows credit use.  However, that doesn't seem to work on my report.  Thanks for the input and help.  

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So -

You PIF before statement cut, so your card reports a $0 balance.  

You reported a 0 balance across all cards, you lost points.

So hopefully you learned something new today.  Your reported balance is the balance your statement cuts at.  The $317 in charges are now eligible to report on your next statement if you do not PIF.

A lot better to ask questions than point fingers.

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It's quite apparent that you do not know what you are talking about when it comes to dealing with how US Bank works.   For your information,  my "due date" is the 17th of each month.   My "statement date" is the 21st of each month..  This is NOT when US Bank reports.   The charges between the 21st and the end of the month is what is reported.   So, before you start pointing your finger at me,   you should know the facts.  Now even you have learned something today. 

[Involver]

US Bank must be different from every other lender ever, then.

[Imhotrodcrazy]

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@Involver wrote:
US Bank must be different from every other lender ever, then.

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You're right, they are.  I have been a customer for over 20 yrs.

[Involver]

So you're saying only the charges between the 21st and the end of the month are what report?

[Imhotrodcrazy]

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@Involver wrote:
So you're saying only the charges between the 21st and the end of the month are what report?

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That is correct.  It took me awhile to catch on to what they were doing.  But now I know exacting how to control what I want them to report. 

[azguy13]

You can have an 850 and it will still say something is hurting your score. It is not an incorrect report, simply an auto-generated "reason" as to why your score is not higher. 

[Involver]

Well consider me schooled and I apologize for being presumptuous.

Thats just very weird.

[Imhotrodcrazy]

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@Involver wrote:
Well consider me schooled and I apologize for being presumptuous.

Thats just very weird.

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No problem, no harm done, that is why we are all here. 

[azguy13]

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@Involver wrote:
Well consider me schooled and I apologize for being presumptuous.

Thats just very weird.

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US Bank is VERY weird compared to other lenders. The fact that they pull ARS/IDA reports makes that clear.