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I pay my credit card all the time two days before my due date. With doing so the last time my score went down because of a zero balance. I have no idea why that happened and is there anyway to prevent it from happening again? My due date is the 10th, I pay it on the 8th my closing date is the 13th how can I avoid this?
@D86 wrote:I pay my credit card all the time two days before my due date. With doing so the last time my score went down because of a zero balance. I have no idea why that happened and is there anyway to prevent it from happening again? My due date is the 10th, I pay it on the 8th my closing date is the 13th how can I avoid this?
Yes they go up my scores have gone about 7-10 points for having CC reporting a 0 balance!
what I noticed is that (maybe it's just me), if score drops when balance goes down or zero, then score will go up when the balance goes up.
I have no clue to why that happened. Someone told me to pay on due(in full) and then use again as soon as cycle date closes. I don't know I have to figure out why that happened.
@D86 wrote:I have no clue to why that happened. Someone told me to pay on due(in full) and then use again as soon as cycle date closes. I don't know I have to figure out why that happened.
@D86 wrote:I pay my credit card all the time two days before my due date. With doing so the last time my score went down because of a zero balance. I have no idea why that happened and is there anyway to prevent it from happening again? My due date is the 10th, I pay it on the 8th my closing date is the 13th how can I avoid this?
How many cards do you have? Do you pay your full current balance or only the last statement balance?
Some cards report when you pay to $0 balance. If all cards report a $0 balance your score will be less than if 1 card report less than 10% and others at $0.
@Themanwhocan wrote:
@D86 wrote:I have no clue to why that happened. Someone told me to pay on due(in full) and then use again as soon as cycle date closes. I don't know I have to figure out why that happened.
This.
@D86 wrote:I have no clue to why that happened. Someone told me to pay on due(in full) and then use again as soon as cycle date closes. I don't know I have to figure out why that happened.
Welcome to the forums. The answers you seek are here:
http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/bd-p/ficoscoring
Or here:
http://ficoforums.myfico.com/t5/General-Credit-Topics/bd-p/generalcredit
@D86 wrote:I pay my credit card all the time two days before my due date. With doing so the last time my score went down because of a zero balance. I have no idea why that happened and is there anyway to prevent it from happening again? My due date is the 10th, I pay it on the 8th my closing date is the 13th how can I avoid this?
didnt you know debt= credit lol
once that happend to me i stop reporting at a 0 bal every month. I start having a carry over bal, then paying it off the next statement then the score goes up. so in short carry a bal one month pay it off the next month and repeat. Always reporting at a 0 bal is good, but if u wanna keep the points flowing throw them a bone with a small bal every other month!