Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
Jamgee

1 Contribution
0 People Helped
Wrongfully reporting 0% credit utilization
It is being shown on July 5th that I utilized 0% of my credit card. How is that when I charged three things in the month of June? On June 12 I charged two things and June 30th and July 1st I charged something. On June 27th I paid off the June 12th charges early. Granted with my statement cutting on the 6th of every month, I know that the one on June 30th would not show up but why didn't the other ones show up? My actual bill is not due until August 3rd since I just got this credit card at the beginning of June 2014. Any help would be greatly appreciated please. I saw where my score dipped -8 points because of this.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7368 Contributions
3810 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

Please look to the left side of this page under resources and begin reading the articles so you can get a better understanding of how credit works and the importance of the closing dates and due dates in the billing cycle.  This is valuable information not taught in school and many people are suffering for that lack of knowledge.  Providing that knowledge is what Credit Karma is all about.

Reply by
Jamgee

1 Contribution
0 People Helped

Thanks jwsister. I completely agree. In fact, I have found that most people who work with credit such as in banks do not completely understand it either. That has left me wondering who can you reallly talk to? The loan officer that helped us get the credit card refused to believe that you should only spend 30% of your credit limit at one time and to keep it lower would be better. But I know I have seen that mentioned several times on different discussions.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.