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Is the high usage on a CC (on a credit report) the highest total
Posted on 4/29/16 at 9:18 am
Posted on 4/29/16 at 9:18 am
ever reached or the highest total at the time the monthly cut off occurred?
In other words, if you had a CC with a 10k limit, charged 8k but paid it before the monthly cut off, would your credit report still showed you reached 8k of usage?
In other words, if you had a CC with a 10k limit, charged 8k but paid it before the monthly cut off, would your credit report still showed you reached 8k of usage?
2
Posted on 4/29/16 at 9:19 am to cypressbrake3
The number shown on the report is the number reported by the CC issuer on the day they send the info to the bureau, so it's whatever number it was on the report day.
This post was edited on 4/29/16 at 9:20 am
Posted on 4/29/16 at 9:42 am to cypressbrake3
Yeah it's a horrible metric if you reliably pay off your CC monthly.
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