Optimal Payoff In Full (PIF) Method

[Anonymous]

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@Anonymous wrote:

I had a 25+ year old card from BOA with a $15K or $25K credit limit closed for inactivity.  That really hurt.  So it's not a hypothetical worry.

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Arggggh!  That really bites.

I like to collect case studies for when CC issuers close a card due to inactivity.  So if you are willing to, I'd be really grateful if you could tell me how many months of continuous inactivity had gone by when BOA closed your card.

It's fine if you don't know the exact number.  Any reasonable guess is fine.  For example, 18 months?  3 years?  12 months?

[Anonymous]

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@Anonymous wrote:

Joe six pack,  building credit isn't a month to month challange it is long term.  Sure you can get a few points here or there and lose a few points.  I use Myfico and rarely does a day go by that I don't get an alert of some type for balance changes, some impact scores and some do not.  Each creditor reports balances at a different time of the month and most don't appear to be connected to statement dates.    I think chasing a few points is a waste of energy,  if you simply pay your bills on time, keep your utilization low on each card and overall and don't apply for credit recreationally your scores will build steadily over time.  

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This is kind of fascinating, as mine have updated like clockwork 2-3 days following statement cuts on EX, with TU/EQ lagging 5-10 days behind. I'm curious which of your creditors do not seem to update at statement cut time?

The only exception I have is my auto loan doesn't have statements cut at all and reports on the last day of the month.