alti2de000

1 Contributions 1 People Helped

Member Since: February 2014

Most Helpful Contribution

Credit card utilization and your credit score

May 05, 2014
Helpful to 1 out of 1 people

The problem is, folks, that the reporting system does not allow the credit agencies to continuously check your credit during the month.  All they know is if you spent, and if you paid.  If you are carrying a balance, they know if the balance resulted in a $0 balance, or if it resulted in a +$0 balance.  I agree that this is not an accurate depiction of your credit worthiness.  But, I don't want anybody in my business all month.  I understand why we all must graded on our credit wortiness, but the less...the better.  I actually carry a balance on my 10 credit cards around $100, but still got a grade of C on my Utilization.  Last I checked, any balance above $0 is an above 0% Utilization.  Right?

Activity (1 Total Contributions)

Credit card utilization and your credit score

May 05, 2014
Helpful to 1 out of 1 people

The problem is, folks, that the reporting system does not allow the credit agencies to continuously check your credit during the month.  All they know is if you spent, and if you paid.  If you are carrying a balance, they know if the balance resulted in a $0 balance, or if it resulted in a +$0 balance.  I agree that this is not an accurate depiction of your credit worthiness.  But, I don't want anybody in my business all month.  I understand why we all must graded on our credit wortiness, but the less...the better.  I actually carry a balance on my 10 credit cards around $100, but still got a grade of C on my Utilization.  Last I checked, any balance above $0 is an above 0% Utilization.  Right?