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I got my credit score up 40 points in two months by doing one simple thing
My score was stuck in the low 600s for over a year, and I was getting denied for everything. I read online that your credit card balance on the statement date is what gets reported, not what you pay later. So, for the last two billing cycles, I made sure my balance on my main card was under 10% of the limit on the day before the statement closed. I just checked my FICO score through my bank, and it jumped from 618 to 658. Has anyone else seen a big bump just from managing that one date?
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finley_smith5mo ago
Yeah that's a solid move, but just a heads up, it's not always the day before. I mean, some cards report on the statement date, but others report on a random fixed date each month. I had to call my card company to ask when they actually report to the bureaus because it wasn't lining up with my statement closing. Idk, maybe it's just me but it's worth checking so you don't miss the window.
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oscar_gonzalez455mo ago
Lol "random fixed date" is such a funny way to say they make it impossible to guess. Thanks for the reality check @finley_smith, my plan to time everything perfectly is officially ruined. Now I gotta go bother some poor customer service rep too. Just another fun chore to add to the adulting list.
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gray3145mo ago
Well, I guess my credit score is still stuck in the "call and ask" phase you mentioned.
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kevin_williams5mo ago
Yeah that trick is legit, did the same thing last year. @gray314 you should try it, my score went up like crazy once I figured out the reporting date.
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