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Author: foo1bar Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127811  
Subject: Re: Debt-to-income ratio if self-employed Date: 2/13/2013 2:50 AM
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Try as he might, the OP, despite his elaborate strategy, will not pull a credit report with zero balances.
Are you deliberately ignoring the point?
The goal is NOT to get zero balance.
The goal is a significantly lower balance (like 1/4 or 1/8 of what they normally would have reported to experian, etc. for a balance)

"I would think that just making sure you overpay each month by $2K (or whatever) would give the same sort of result, without having to make weekly payments."

Nope.


If I normally charge $600/week to a CC, and the normal bill is $2400, but I pay $4400 this month, so my next bill is $400 - and I still pay $2400 that month, my next bill will be $400 again - and I keep paying $2400, and my balance is now always less than $400.
$400 (or less) is what's going to be reported by the bank.
If you really think something more than that would be reported to experian, etc, please share what you're basing that belief on.


For those who say balance reported to the bureaus is the monthly statement balance - that wasn't my experience ~2 years ago with a visa card. But it might be different for different banks.
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