Other Ali
OtherForum Replies Created
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CREDIT CARD. BALANCE LIMIT
1. DISCOVER $498. $500
Pay down to $150 or less
2. CAPITAL ONE. $470. $500
Pay down to $150 or less
3. CREDIT ONE. $490. $500
Pay down to $150 or less
4. SELF VISA. $1,500. $1,490
Pay down to $450 or less
5. TRUMP CARD $4,000. $4000.
Pay down to $1200 or less
6. JOURNEY CARD $2,130 $$2,200
Pay down to $660 or less
7. CREDIT PLUS $3,490. ,$3,500
Pay down to $1,050 or less
8. BUDDY VISA $1,500. $1,600
Pay down to $480 or less
10. MISSION LANE $1498 $1,500
Pay down to $450 or less
Hope this helps 🙂
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Hello Juan,
When a consumer maxes out a credit card, or used 50-100% of their credit limit, they drop their scores 80-120 points.
They need to look at their statement ending dates for each account, pay down the balances to 30% or less of the credit limit, 2 days before the statement ending date, the lower balance will report to the bureaus after the statement ending date. Then you can pull a new report and their scores should be where you need them to be.
Also, allowing a $5-$10 balance to report helps you more than a $0 balance, so never advise to pay off a balance.
Hope this helps! Reach out when you have clients with credit needs 🙂