No. of Recommendations: 1
I would hate to give up all of the cash back I earn on those cards. The card I use most often can be paid off at any time, multiple times throughout the month. I could start a practice of paying it off once or twice a week for a few months rather than paying right before the due date. That should keep my average balance low enough.

Your credit report is a snapshot of your credit activity on the day the credit report is pulled.

Each creditor reports to the bureaus at different times of the month.

Therefore, you would have to either (a) stop using credit for a while (2-3 months) so that your credit report snapshot shows zero balances at all creditors; or (b) find a lender that will allow you to demonstrate that you pay credit cards off each month.

Paying off once or twice per week won't help because you have no control over your creditors' reporting practices.
Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.