ladyliberty04

5 Contributions 119 People Helped

Member Since: April 2012

Most Helpful Contribution

Credit card utilization and your credit score

May 03, 2013
Helpful to 111 out of 122 people

I just found this information after already discovering this for myself!!! it's trueand works except please try not to go up to your limit because as we all know anything can happen and at the end of your cycle you may be scrambling to find the money to pay your bill!!! Also whatever you do do not let the cycle begin with a zero balance which I did and which got reported to the bureaus which actually works against you too! I've found that 30% or lower so far is the best formula for a steady upward climb!!!again do not let them report a Zero balance!!!!!!!

Activity (5 Total Contributions)

Credit card utilization and your credit score

May 03, 2013
Helpful to 111 out of 122 people

I just found this information after already discovering this for myself!!! it's trueand works except please try not to go up to your limit because as we all know anything can happen and at the end of your cycle you may be scrambling to find the money to pay your bill!!! Also whatever you do do not let the cycle begin with a zero balance which I did and which got reported to the bureaus which actually works against you too! I've found that 30% or lower so far is the best formula for a steady upward climb!!!again do not let them report a Zero balance!!!!!!!

Credit card utilization and your credit score

May 03, 2013
Helpful to 6 out of 7 people

my credit card has a payment due date and a beginning cycle date which are not the same they have a six day difference ! so i pay off my balance by the due date to avoid finance charges and then only spend between 10 and 30% of my cc balance which will be reported to the bureau on my beginning cycle date, This formula has helped up my credit score so far which has come up slowly but surely ! I made one mistake this month and somehow left a zero balance on my reporting date which lowered my score by a point!!!! still trying to figure out how this happened as i thought this was not the case and so therefore it was unintentional  anyway hope this helped!

Utilizing Credit Cards to Build Credit - WITH NUMBERS!

May 02, 2014
Helpful to 2 out of 2 people

you are exactly right!! I have blogged about this on this forum before, I will say that i started to rebuild my credit with a secured card about two years ago .I chose capital one and it has been the smartest move I have ever made.After  6 months they gave me a $100 increase and after a year and a half they have in total given me a $500 increase! I have also gone on to apply for other cards and been approved!! And it all began with my secured card and responsible usage!!!! Good luck to you on your journey to good cedit health!

barkley is not my charge card

May 02, 2014

I was about to write exactly what  Addison did..she's right Credit Karma only reports what Trans Union has on their records. If I were you I would immediately pull a copy of my credit report to see why you have a Barclay card on there! Sounds very suspicious?! From there if you do indeed see that its listed as one of your credit cards you can call Barclays and begin investigating!!! I do know that Barclays provides financing for Apple Products(for one that i know of) is it possible that maybe you applied for financing from them?Btw the gov't allows you to get a copy of your credit report from all three bureaus for free once a year.Not entirely sure about the exact link but google FreeAnnualCredit report .gov and see what pops up.

How do I fix my credit card score?

May 02, 2014
sounds like utilization!!!

The top driving force to your credit score is credit card utilization ..(counts for around 30 some percent in the equation) as well as on time payments. They take the total amount of your credit limits from all your credit cards and divide the amount you have spent ,or owe, into that., You must get your utilization below 30%to see improvement in your score. There are however other factors involved. Credit Karma gives you valuable information as to what factors go into the making of your score. Since becoming a member I have become VERY knowledgeable on this subject and have watched my score continue to rise! Good luck!