If I pay my credit card balance before the due date is my score lowered if the balance was over 50% of limit?

Answer 1

It depends on when the cards report to the bureaus to show the balance. I maxed out my card once to buy a laptop computer and paid the bill in full before the due date, but it still shows a "high" of that cost on my report over a year later. It shouldn't hurt your score much unless you carry a balance.

P.S. Suze Orman is on CNBC, not MSNBC. I like the "Can I Afford It?" section simply because of the extravagant things some people want to buy. (Though, as a former tattooist, I felt bad about what she had to say about the guy who wanted to get sleeves. Getting the right artist is really an investment on something that you want to be permanent.)

Answer 2

Credit score is calculated more complicated than you think. You should have no late payment for the past two years, at least nothing over 1 month old. All your fiancial account is calculated by how old you had the account and how much you can "potentially" owe..... you can read more in detail. I think by watching Suze Orman on MSNBC helps.