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How much does 100% utilization hurt?

Frequent Contributor

How much does 100% utilization hurt?

I was already sitting on around 60% utilization, but was going to cut that down before my statement, due for the 9th. However, Comcast got in the way, and now my card is at like 98% utilization. How much is this going to hurt me? Will my util be reported across both cards or for each card?

AE CC: $1,050 | AEO Visa: $1,890 | Cap1 QS: $2,100 | Chase Freedom: $1,000 | Citi Forward: $1,500 | Citi Double Cash: $1,000 | Discover iT: $500 | GameStop: $1,650 | Overstock: $1,700 | PayPal Smart Connect: $1,500 | Walmart $2,200

TU (Discover): 663 | EQ (Citi): 651
Message 1 of 3
2 REPLIES
Frequent Contributor

Re: How much does 100% utilization hurt?

90% brings your risk levels dramatically high.. it only hurts when your seeking more credit or if your lender is like Barclays.
BK: 7 filed 3/31/12 - Discharged 6/27/12
Made some poor choices and life snowballed
BK: 13 filed 7/29/16 - on a 36th month time out
No CC - No Loans - Student Loans all current.
Message 2 of 3
Frequent Contributor

Re: How much does 100% utilization hurt?

 


ihatemyscore wrote:
90% brings your risk levels dramatically high.. it only hurts when your seeking more credit or if your lender is like Barclays.

Yes I know. I planned on applying for a couple more but those plans have been postponed. I'll be able to take care of everything after my statement and start fresh, again, but I just wanted to know exactly how bad it looked.

AE CC: $1,050 | AEO Visa: $1,890 | Cap1 QS: $2,100 | Chase Freedom: $1,000 | Citi Forward: $1,500 | Citi Double Cash: $1,000 | Discover iT: $500 | GameStop: $1,650 | Overstock: $1,700 | PayPal Smart Connect: $1,500 | Walmart $2,200

TU (Discover): 663 | EQ (Citi): 651
Message 3 of 3