Thanks Hauling. We get dinged by TU harder than EQ also.
I always love to hear exactly what patterns people are seeing - so your response is a great help to me. Is this a fairly decent general guideline? Even if I keep my overall utilization down, I need to make sure I'm watching how many cards report a balance. So, I'm shooting for overall low utilization plus a balance on only one card, which seems to keep even TU happy???
Once again - you're shortening my (steep) learning curve! I think I once owed you ice cream for breakfast or something? Well, this morning I'm eating squash (yummy!) smileywink: but I've just learned how to better manage the bills I'm paying. Thanks!
(And I'm looking forward to a time when I can pop my number of cards - and available credit - up - argh! We've gotten DH a little further along on that).
Many thanks y'all.
I had been tracking this on EQ. It is hard for me to get a low number of accounts to report since I have some business accounts that show on personal reports. I have now lost the third business CC that didn't show with Advanta's demise.
I get dinged right at 40%. One report is flagged at exactly 40% with 10 out of 25 accounts showing a balance. I can find two reports where that is the only change and it results in score change from 749 to 734 or 15 points. Interesting since that is more change than I get changing utilization by 5-10%.
I have to believe that "rule" doesn't work with a small number of accounts.