Increasing score question

2IMPROVE · ‎07-03-2007

Does anyone know if I pay the entire balance each month my scores will increase with a 0 balance opposed to just paying the minimum.

I charge gas on the Visa's and MC just to show payment history. I have not used the retail cards yet.

BOFA VISA 2000 LIMIT since 2/07

HSBC VISA 300 LIMIT since 4/07

HSBC MC 750LIMIT since 6/07 (not on reports yet)

TARGET 200LIMIT since 6/07 (not on reports yet)

JC Penney 150LIMIT since 6/07 (AU USER) on experian and equifax

Anonymous · ‎07-03-2007

search the forums for "utilization"

fused · ‎07-03-2007

2IMPROVE wrote:
Does anyone know if I pay the entire balance each month my scores will increase with a 0 balance opposed to just paying the minimum.

I charge gas on the Visa's and MC just to show payment history. I have not used the retail cards yet.

BOFA VISA 2000 LIMIT since 2/07
HSBC VISA 300 LIMIT since 4/07
HSBC MC 750LIMIT since 6/07 (not on reports yet)
TARGET 200LIMIT since 6/07 (not on reports yet)
JC Penney 150LIMIT since 6/07 (AU USER) on experian and equifax

Keeping your utilization between 1-9% on all of your CCs is ideal. If you have not read Tuscani's credit scoring 101 thread, I recommend you do so.

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=2654