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Originally Posted by Peaches
It all depends on when they pull the report. I put up to $5K a month on my credit cards (used to be a 3 times that in the good old days  ) and pay them in full every month. But many times I've pulled my report and seen high balances on my cards, when in reality, they could pull the report a few days later and see zero balances on all the same cards. |
Well keeping the debt ratio low is what FICO is looking at.
If you have two cards with a 10k limit for instance. It would look better to have both at 5000.00 each than one at 10,000.00 at any given time even if you pay them off in full each month.
That is why I have one high limit card that I never charge anything on ever. It always stays at a zero balance with the full credit available. Then I typically never go over 25% of my balance on any one of my other cards.