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Has anyone confirmed the FICO $600 rumor....?

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HiLine
Blogger

Re: Has anyone confirmed the FICO $600 rumor....?


@Kratos-TM wrote:

In the "760+ High Achievers" thread, there is a post that stated FICO wrote "the average FICO high acheiver has a balance of $600 dollars or less on their total revolving accounts".....

 

 

Has anyone confirmed this?......Does FICO want the balance we leave on that one card to be less than 600 even though 600 may be less than 1% uti on it?


As they say, correlation does not imply causation... Robot Very Happy

Message 11 of 12
Walt_K
Senior Contributor

Re: Has anyone confirmed the FICO $600 rumor....?


@HiLine wrote:

@Kratos-TM wrote:

In the "760+ High Achievers" thread, there is a post that stated FICO wrote "the average FICO high acheiver has a balance of $600 dollars or less on their total revolving accounts".....

 

 

Has anyone confirmed this?......Does FICO want the balance we leave on that one card to be less than 600 even though 600 may be less than 1% uti on it?


As they say, correlation does not imply causation... Robot Very Happy


^This.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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Message 12 of 12
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