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@haulingthescoreup wrote:
I think you saw the results of the one-card-with-80% when you lost that gi-normous 60-80 points with the SL BT on to one card. But I do think that you can get away with a high balance on just one card, as long as they others are PIF'd or negligible. However, this might be only applicable to certain situations, I dunno. I've just read enough anecdotal evidence that I think that there's something to it.
Pj1369 wrote:
Logic would tell you 45% on 2 would be better than 80% util on one...but my gut is telling me it's vice versa. Looking at the behavior aspect, ppl with multiple high util balances is probably a greater risk in the eyes of FICO, rather than someone with jsut one high util card....hmmm...
We love guinea pigs, especially when they volunteer!
@Anonymous wrote:
If you try it, make sure you let us know the results.
haulingthescoreup wrote:We love guinea pigs, especially when they volunteer!
Seriously, though, for someone with nerves of steel, a decent amount of patience, and no other changes going on with their reports, it would be pretty cool for them to do a BT with 80% and then each month pay it down to 74%, then 69%, then 64%, and so on, and see where the score breaks occur.
@Anonymous wrote:
In terms of tracking, I've been doing that...I can crunch some numbers and post an update...of the breaks have so far...I started at 92% util on one card and I'm down to 80% percent in terms of what is being reported (probably close to 65-70% now)...now I need to figure out if I should continue with the slow crawl for the sake of knowledge or try the citi-split experiment to see where that takes me....hmmm...I'm torn.
@haulingthescoreup wrote:
@Anonymous wrote:
In terms of tracking, I've been doing that...I can crunch some numbers and post an update...of the breaks have so far...I started at 92% util on one card and I'm down to 80% percent in terms of what is being reported (probably close to 65-70% now)...now I need to figure out if I should continue with the slow crawl for the sake of knowledge or try the citi-split experiment to see where that takes me....hmmm...I'm torn.
See, this is my excuse for why I pull my scores so often. It's all for Science!
Pj1369 wrote:
I went ahead and split the BT balance between USAA and Citi - I look forward to sharing results at the end of the month. Stay tuned!