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So I heard that a card with high utilization can negatively impact your FICO even if your overall revolving utilization is good. But does anyone have any more details of how exactly an individual card's utilization impacts scores? Is it in % buckets like 90-100% very bad, 0-10% good? Or is it a scaling % where every penny paid to a balance can help gradual increase FICO.
Im asking this to help a relative who is trying to fine tune their FICO before getting a car loan. Their overall revolving credit is at about 39% but they have one card thats 95% utilized. Im trying to figure out is there a magical % they should pay that card down to see a noticeable improvement on their FICOs.
Dealer approved and delivered vehicle 3 weeks ago... received notice in mail saying I have been denied credit.Wasn't sure where to post this, as it's kind of a unique situation:
- I am in the midst of rebuilding my credit. My (real) FICO is around 660.
- I needed a new car, and on a whim, applied online for a lease.
- Lease is through the car manufacturer.
- Was assigned a delivery date, went in and signed loan docs, made the payment for fees / taxes / registration, etc.... ($~3600) and took delivery of the car.
- Got the car, and have been happy as a clam ever since.
Got home today to find a letter from the finance company (dated 10 days ago) saying that they "carefully assessed my application and concluded' they are 'unable to extend credit, or have offered you credit at less favorable terms than you requested."
I have reviewed the loan documents carefully, and there is nothing in them about "contingent on final financing approval" or anything of the sort.
The letter I received doesn't make any mention of needing to return the car, or anything about modifying the terms of the contract.
- I've had the car for 3 weeks.
- They have already cashed my check, and I've made the first month's payment...
- In 2 weeks, the second payment is due.
Do I call them up and ask what's going on, or should I just assume it's a clerical error and continue to make payments?
My first Shop Discover purchase failed to give me cash back credit: http://creditboards.com/forums/index.php?showtopic=518247. So far I haven't had the strength to try to contact them about this and track down an amount less than three dollars. This should just work...
Now I've taken the damn card out of the sock drawer one more time to get 5% for online shopping. YES, I registered for the 5% promotion.
Amazon.com gift card, purchased directly from Amazon - Qualified
Chefs.com purchase - Does not qualfiy
Soap.com purchase - Does not qualify
Overstock.com purchase - Does not qualify
Amazon Payments (for purchase made from Amazon.com) - Does not qualify.
This card is a #@$^@%^$ joke.
EXP - 662
EQ - 643
TU - 649
EXP - 587
EQ - 621
TU - 588
From Credit Karma
EXP - NA
EQ - 639
TU - 629
Why is EQ so low? All the info is the same between them and the dates of the most recent pull is within a day or 2 of each other.
Can I pay my spouse w/ Paypal instead of balance transfer to save the 5% BT fee? (2.99% paypal fee - 1% cash back reward)I want to use a balance transfer promotion from Chase but it has a 5% balance transfer fee. Looking to get around that if I can so I thought I'd pay my spouse with paypal using the Chase credit cards which will cost 2.99% but then we'll get 1% of that back with rewards so it'll be 2% total. Would Paypal or Chase have a problem with a payment to an individual with the same address?
My trade line recently appeared unannounced this month, after having been hidden for the whole year. It’s reporting to Exp as revolving credit. I’m not sure if the sudden reporting was triggered by a CLI from a few weeks ago or by approaching 30% util. Or maybe it’s just coincidence. I’ve never been late and have been making good use of the 0% APR for 6months offer. Whats weird is that I didn’t get any alerts from Experian nor Credit Karma of a new account being added.