I went over that 30% credit usage a couple years ago. Oh, how my credit score DROPPED to new lows. I’ve climbed back up to around 700, but I miss the days of being in the 800 Club. I’ll be back one day!
Check your score when all the zero balances hit at its highest and check it again when you have your bills on them at the highest, and see how much your score changes.
To be honest I have to many cards. I have to go out of my way, plan and track when I used each card last. If you don’t use them they will close or lower your credit limits so I have to track, plan and rotate cards to make sure they stay how they are.
It gets frustrating at times but so far sogood, knock on wood. I hope I didn’t jinx myself…lol
I have several but by far my favorite is Credit Karma, it is easy to use, you can dispute most things from the app and it gives you your score DAILY so you can see how things change.
Example, your score is 750, your balances are all zero, then you make a purchase on a card, as soon as they report that balance it will show and you can see how small, medium and large purchases impact your score.
You can also see how payments, lowering your debt/credit ratio impacts it.
It is also free. Just a thought, I have most of the others too but just like Credit Karma the best, its simple and easy to navigate and use.
Yes, I love Credit Karma. I know it doesn’t have the same rating as the ‘official’ ones, but it’s great to get an idea of where you are, monitor for any unusual activity on your credit, see balances in accounts, and know what needs to be worked on AND how it all affects credit score.
I agree totally. I am so sick of credit scores. They are a waste of my time to be checking them all the time. No matter if you pay all your bills on time, never late no collection etc if you change in how much you use or if you get a new card it plummets. I am so sick and tired of credit scores.