? about Utilization

[Anonymous]

ok I know you need to have atleast one card reprt a balance but I did not know it must be a actual bank card not a store card cause I got dinged 20 points each CRA for all bank card balances reporting zero.so im guess bank and store cards are completly different when it comes to utilization ?

[Anonymous]

Are you sure that the store card that you left with a balance had reported? Is it possible that it hadn't reported yet when your that score was generated?

[Anonymous]

Im 100% certain it did I did this for two months to make sure it seems store cards and bank cards are different on utilization

[Anonymous]

I didn't realize they distinguished between revolving accounts like that. I'll be interested to hear what someone who knows more about it than I do has to say.

The good news is that (presumably) once a balance reports on one of your bank cards, your score will go back up.

[Anonymous]

it did go back up I just never knew you had to keep a balance on a bank card and not a store card hopfully others have seen this too.