08-13-2008 01:04 PM
08-13-2008 01:10 PM
08-13-2008 01:29 PM
FICO will not know this, and it will not affect your score. FICO only knows the reported balance in a given month. What you stated is exactly the best way to handle your cards for maximum FICO purposes.
If i use all my credit cards and PIF before the statement cuts except leave a small balance on 1 card, does FICO know this and/or does it matter for my score?
Also is utilization always rounded up?(I.e. 6.45% would be considered 7%?)
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO