|
My question is Who sang the cover version of "My Favorite Things" in the new Discover Card commercial? Thanks in advance for any answer or 2. Another question on my mind: Right before Christmas, Citi reduced my credit line by a couple thousand dollars. My Utilization was already very high, but I was sure that it would drop my score some. Fortunately, my score stayed the same.. |
|
|
|
I'm stumped. I'm not so sure what is the right answer. I'll do some research in Google and get back to you if I find an anything. You should email the people at Discover Card as they probably could give you help..
|
|
My guess is that once utilization exceeds 75%, the hits for an extra percentage point or three is almost nil.....
|
|
Their is no change now but when you start to pay the balance off then they will.
Balance-chase. You down then your scores will take a hit.......happens every time. I hope your situation will be different but I doubt it. I feel for those that go through this balance chasing nonsense. I wish you all the best... |
|
I'm going to pay 10K on one of the cards in March..
Someone said that if you pay things off fast, you're almost certain to get the CL cut or all together canceled.. Has this happened to anyone out there?. Anyone think I should pay it off over a few months?.. |
|
YMMV. I charge 3-8k a month and PIF regularly. I even took out 30k+ BT twice and all paid off in less than 3 months. No AAs yet..
I think it all depends on your overall credit report and your payment history pattern... |
|
What is the APR?.
Personally, unless it's a promo APR, I would try to pay down the balance as soon as possible even if paying (with Discover card) it off is likely to result in a CLD. Revolving it costs you interest every month.. In terms of AA from other issues in response to a CLD? If you pay it down to $0 it doesn't matter one bit.. $0 on a $500 card is 0% as is $0 on a $20000 card.. FICO doesn't care about absolute CLs, just util ratios... |
|
I think there are various utilization index points (such as 10%, 30%, 50%, 80%) tied to score changes. If the utilization doesn't cross an index point, there's no score effect. Using the above example, someone could pay down from 49% to 31% and see no score change, while someone else could have a small CLD bump their utilization from 49% to 51% and see their score take a hit. A number of people have reported 10% to 15% drops in utilization with no increase in Fico score .....
|
|
The one that am applying the 10k to is the highest APR..
My question is:. If I paid 10k all at once. If I paid 5k on month and then 5 k the next month. If I paid 3.3k ect, ect. Is there any reduction of the possibility of AA at all by changing how it's paid back?. I'm not concerned about the dollar value of interest... just a hypothetical on the AA... |
