@Anonymous wrote:
Combined 2 cap1 cards. One at 2 yr 2 months, 1500. One at 11 months, 2500. Rolled the older card into the newer because of the interest rate, it being visa, and I was told it didn't matter about aaoa when you close a card.
Something isn't right however because the older card I rolled in had a reported balance of 715/1500(obviously when I combined the cards the card was at 0)
Yesterday Exp was 674, with 10 total accounts(9 open, 1 closed) all of the accounts but the said Cap1, and the closed card were less than 2 years old.
Today Exp is 669, util dropped 3%, 10 total accounts, 8 open, 2 closed.
What the heck? AAoa definitely didn't change. Is it because of my total open accounts decreased by one?
If it changed your math on number of cards reporting a balance, that's an easy 4-5 points.
Also the big question is how that tradeline now reports, tradeline changes can take 1-2 billing cycles to report correctly.
I wouldn't worry about it.
@Anonymous wrote:
It reports as closed and paid. Looks like it's reported correctly tbh. But so you think that's just a temporary thing?
I think there's something about like over half your cards carrying a balance hurting your score?
I went from 5/7 cards having some sort of balance,
To 4/6 cards.
Carrying a balance isn't a major deal as the cards have 0% interest and it's only about 15%. Cards will be paid down within 2 billing cycles to 0(even with constant use)
So you think this is literally a temporary thing and nothings actually worse? I mean that's what I'd like to hear of course.
Temporary on some random vagary tied around utilization and reporting. Again I wouldn't worry about it just focus on getting the debt paid and you'll likely more than recover.