Paying CC balance down before statement closes

Dec 052010
 

Hello……Still new to the board and looking for help in rebuilding my credit. I’ve just learned that I can improve my score by improving my utilization percentage by paying down my balances on cc’s before statement closing dates so that they report the low balances to the credit bureau, but I’m a little confused about . I have several cards. I have 2 Capitol One’s, 1 Barclay (Juniper), 1 Best Buy (HSBC),  and Lowe’s and I have no idea when they report. So If 1  payment is due on like the 6th of the month, does that mean I should pay down to about a $ 10 balance on a card with a $ 500 credit limit like 3 days before the due date. Does it really matter the amount you pay as long as you don’t pay it down to $ 0? or do you pay according to the about you owe vs. the total credit limit you owe. One of my Capitol One cards now has a credit limit of $ 2250.00 and I owe $ 540 on it. So what should I pay? Thanks for any help.  P.S.. On the one with the $ 500 balance I owe $ 340.

 

 

 

 

 

 

TU;644EQ ;601; EX; 644

Wendy’s tour Down

Nov 282010
 

I know longer go to Wendy just because the change salad menu. Being a Diabetic, salad, a loved

meal for my wife and I. We would go Wendy’s 2 or 3 times a week since they flirted to salads, and

tapes. We will no longer go to Wendy’s. Let us now go Arby’s! Good salad!

Wendy’s, it is not broke, do not be “fixed” it.

What is a good credit card to get that you almost will never get turned down for?

Nov 082010
 

What is a good credit card to get that you almost will never get turned down for?
I currently have two credit cards, but would like to get one final one. I’ve been getting turned down for a few recently that I thought sounded good. What are some good cards and websites where I can get a credit card that almost every gets approved for? I’m young(21) and trying to establish some more credit. My friend got approved for a Best Buy credit card tonight and his credit isn’t that good. However, I just want a main card(for example: visa, discover) and not a store card. Thanks for any help.

Best answer:

Answer by Kemmy
VISA or Mastercard are recognised worldwide, so even if you were to buy something from Asia or Europe, they would be recognised.

Add your own answer in the comments!

If you own land, can you use that as a down payment for a mortgage?

Mar 082010
 

We have an acre of land. We still need to reduce by 20% (in cash) in order to avoid paying insurance Personal guides. May be more than 20 percent of the land is?

Is it true that Mortgage rates go up usually in summer and come down during the end of the year?

Mar 032010
 


Hey, I plan to do at home the Gulf region. This is true, mortgage rates will normally be a quiet summer, the ultimate goal of this year, then? Thanks

How do I build a successful career as a good mortgage loan officer in a down housing market?

Feb 272010
 


I have recently become a mortgage loan officer Fort. No experience in my office a lot. Any advice where I can get assistance to weather this market? I am glad to know how to close loans at least monthly, and then build from there. Thanks for your help.

Pay down debt to 29% or increase credit ?

Feb 232010
 

Hi Fico Forums-

              I’ve been working on my credit for 10 mnths. now and thanks to this Forum I’ve- increased my Fico scores( 610EQ to 696EQ AND 631TU to 725TU), and 596EX to 696EX- and I’ve increased my credit, from 0 to $40K:smileyvery-happy:. I apped for quite a few cards and was approved for-Premiere MC($350),Secured WFNB Visa($1K),HSBC Discover($300),NFCU Flagship Visa(10K),Nfcu GoRewards(1K),NFCU NAV Chek LOC(15K),Sears(1K),JCPenneys(1K),Macys($400),Amex Delta Skymiles(2K)-got some CLI’s,NFCU Visa(10K to 12.5K)-Sears(1K to 5.6K)-JCPenneys(1K to 2.8K)-and since I had to relocate for work(NYC to Miami), have used my store cards and NFCU a lot-am now up to 44% utilities and am now paying it down aggressively($2K/Month)-I have a little xtra coming in this month(3.5K) and was going to pay 5.5K towards my balance which would put me @ around 29% utilities OR was thinking of ADDING to my WFNB Secured Visa,bringing it to 4.5K,( in hoping that when my Secured card graduates I"ll have a higher CL), which would bring my utilities to only 37%- obviously I want to have a higher CL with my WFNB Visa. Any suggestions?:smileywink:

Should I take out a home-equity line of credit to pay down my mortgage to eliminate PMI?

Feb 202010
 


My husband and I are currently paying PMI (Private Mortgage Insurance) on our mortgage. (We have no second mortgages. ) I know we need twenty percent equity in order to eliminate PMI, but I don’t think we’re quite there. Is taking out a home-equity line of credit to pay down the mortage a good idea? I know that we’d then have two loans to pay, but the PMI would be eliminate and all of our payments (minus the interest) would be going toward the loan rather that insurance. Is it possible to get a home-equity line of credit for 6%?

Cap1 lowered my APR & CareCredit shut me down

Feb 172010
 

My apr with Cap1 was 4.9 and it went up to 29.9 and now they lowered it to 13.9. I got a letter from GE Money saying that I have went over a year with no activity and that they closed my account. I’m gonna call and see if they will reopen.

Top 5: Portland home prices down 9% in Q4, NAR says

Feb 152010
 

Group of local pros offers financial education
Organization: Asheville Strategic Alliance, a group of local professionals from various industries that offers free financial education seminars.

Read more on Asheville Citizen-Times

hed here
Israel took the land In his Feb. 5 column, Uri Dromi urges readers to “picture something different” than barbed wire and disputed settlements when thinking of Israel . He offers examples of a colorful marketplace in Jerusalem , the nightlife in Tel Aviv , the warmth and sophistication of the Israelis and their many cultural achievements. He also shares his pride in Israel ‘s relief efforts in …

Read more on Miami Herald

Group of local pros offers financial education
Organization: Asheville Strategic Alliance, a group of local professionals from various industries that offers free financial education seminars.

Read more on Asheville Citizen-Times

Top 5: Portland home prices down 9% in Q4, NAR says
FRONT PORCH BLOG: Also in Friday’s Top 5 real estate stories: Burnside Bridgehead: Architect Will Bruder’s concept for small and quirky / City to hear next week on key grant for South Waterfront’s Moody Avenue / VA mortgage originations up 82% in 2009 / Suits and liens

Read more on The Oregonian

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