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@babbles wrote:no the other card did not report $979, both cards reported zero balance
That's the opposite of what you said in your original post.
@babbles wrote:
Your correct but the one card with a balance, then statement closing date is 8 sep and I have gotten that $979 balance down to $15 over the last couple of days. I will continue with small balances as some have suggested.
What you've been saying between your original post and what you wrote above is very confusing. It sounds like you had TWO credit cards, both with [non-zero] reported balances. You paid one off and therefore had ONE card with a [non-zero] reported balance. The second card you said had a $979 balance, then a $15 balance. The number doesn't matter, as long as it isn't $0. You need to confirm this. If the number (balance reported) on the second card was anything other than $0 at the time you paid off the first card that you posted about, your Fico scores did not drop from the balance paydown as SJ stated a few posts back.
thanks that's about what the others said
So, still no confirmation then regarding the balances...
Currently, zero on one card and $15 on the other. Card with the $15 balance - the statement closing date is the 8th of the month and they report across the board almost immediately. I will start leaving a small balance on at least one of them and for that matter, now I have to contend with a paypal account with an $8400 limit and no balance that will start reporting in either Sep or Oct. which means those of us with these accounts will take a hit for a new credit card account.
@babbles wrote:Currently, zero on one card and $15 on the other.
So then, circling back to the original post/question where you were upset about your scores dropping 25 points from paying the one card to zero, you now know that your score didn't drop at all from that paydown; you had another card with a $15 reported balance which would have prevented that from being possible.
my apologies for the confusion,
bottom line is both cards are reporting zero balances currently(NFCU and USAA) to credit files
I took the hit when NFCU's $1 balance went to zero ( lost about 15 points across the board immediately) at that point both cards were reporting zero balances
USAA's statement ending date is the 8th and they report immediately
current balance is $30 and limit is $1500 ( actively using)
NFCU balance is $7 and limit is 30k, statement ending date is 21st and they report about the 24th
actively using as well
I guess I could throw in:
any day now "PAYPAL" could start reporting now as a new account since june 2019n instead of 12 years ago according to syncrony that took over paypal:
$6.95 balance and $8400 limit
not sure this will clear things up but now I understand my mistake was thinking zero balances wouldn't affect me too much,
so it wasn't a "con" I just didn't understand the game!
@babbles wrote:
I guess I could throw in:
any day now "PAYPAL" could start reporting now as a new account since june 2019n instead of 12 years ago according to syncrony that took over paypal:
$6.95 balance and $8400 limit
I seriously hope not in regards to paypal credit. My next paypal statement cuts on sept 8th. Since Sync stated "may" report to credit bureaus, it is not definitely will report or not. Maybe we will be "grandfathered" as long we keep the account active. So far no reporting yet.