interest charge after paying to 0. sigh....

[Anonymous]

I have been scratching and clawing at my mortgage score.  go a depressing 0 point increase after paying 2 cards down to 0 balance, passing 7 individual thresholds, taking aggregate below 28.9 on a clean/thick/aged scorecard.

after talking to some, they thought paying 1 more card to 0 making it 2/7 reporting a balance instead of 3/7 would get my a couple points.  so i paid off my venture card, passing 2 thresholds.  i had some hope.  was waiting several weeks for the statement/reporting date which is today.  i log in and see a 20$ balance from interest charges on my statement... sucks, basically have to wait another month.  push the mortgage stuff back another 30 days  

this thing is a cruel game

[SouthJamaica]

---

@Anonymous wrote:

I have been scratching and clawing at my mortgage score.  go a depressing 0 point increase after paying 2 cards down to 0 balance, passing 7 individual thresholds, taking aggregate below 28.9 on a clean/thick/aged scorecard.

after talking to some, they thought paying 1 more card to 0 making it 2/7 reporting a balance instead of 3/7 would get my a couple points.  so i paid off my venture card, passing 2 thresholds.  i had some hope.  was waiting several weeks for the statement/reporting date which is today.  i log in and see a 20$ balance from interest charges on my statement... sucks, basically have to wait another month.  push the mortgage stuff back another 30 days  

this thing is a cruel game

---

You're putting too much weight on it. You might not get any point gain at all by moving from 3/7 to 2/7. In my experience mortgage scores are slow to move.

[Anonymous]

---

@SouthJamaica wrote:

---

@Anonymous wrote:

I have been scratching and clawing at my mortgage score.  go a depressing 0 point increase after paying 2 cards down to 0 balance, passing 7 individual thresholds, taking aggregate below 28.9 on a clean/thick/aged scorecard.

after talking to some, they thought paying 1 more card to 0 making it 2/7 reporting a balance instead of 3/7 would get my a couple points.  so i paid off my venture card, passing 2 thresholds.  i had some hope.  was waiting several weeks for the statement/reporting date which is today.  i log in and see a 20$ balance from interest charges on my statement... sucks, basically have to wait another month.  push the mortgage stuff back another 30 days  

this thing is a cruel game

---

You're putting too much weight on it. You might not get any point gain at all by moving from 3/7 to 2/7. In my experience mortgage scores are slow to move.

---

That would be depressing....  i would have went from

77% aggregate util

7/7 reporting a balance

5/7 cards above 68.9%

to

2/7

15.2% aggregate

2/7 reporting a balance

0/7 above 68.9%

passing like a dozen individual and 3 aggregate thresholds, taking 3 cards from maxed out to 0 and not seeing even a single point in mortgage score (while my fico 8 moved over 100 during that) would be a stomach punch.  especially when i noly need like 10 points to get to where i need to be

[Brian_Earl_Spilner]

---

@Anonymous wrote:

---

@SouthJamaica wrote:

---

@Anonymous wrote:

I have been scratching and clawing at my mortgage score.  go a depressing 0 point increase after paying 2 cards down to 0 balance, passing 7 individual thresholds, taking aggregate below 28.9 on a clean/thick/aged scorecard.

after talking to some, they thought paying 1 more card to 0 making it 2/7 reporting a balance instead of 3/7 would get my a couple points.  so i paid off my venture card, passing 2 thresholds.  i had some hope.  was waiting several weeks for the statement/reporting date which is today.  i log in and see a 20$ balance from interest charges on my statement... sucks, basically have to wait another month.  push the mortgage stuff back another 30 days  

this thing is a cruel game

---

You're putting too much weight on it. You might not get any point gain at all by moving from 3/7 to 2/7. In my experience mortgage scores are slow to move.

---

That would be depressing....  i would have went from

77% aggregate util

7/7 reporting a balance

5/7 cards above 68.9%

to

2/7

15.2% aggregate

2/7 reporting a balance

0/7 above 68.9%

passing like a dozen individual and 3 aggregate thresholds, taking 3 cards from maxed out to 0 and not seeing even a single point in mortgage score (while my fico 8 moved over 100 during that) would be a stomach punch.  especially when i noly need like 10 points to get to where i need to be

---

No, depressing is bringing over $10k of debt down to $53, bringing aggregate down from 70% to 8% or less, and 19 cards with balance to 4, and only getting 20-30 points on FICO 8.