10-26-2012 10:59 AM
Thanks everyone! I owe it to my fico. I didn't know about utilization, until I saw the my fico forums. They were such small cards, a couple of tanks of fuel for my truck would
max them out...lol Used them for points and to pay bills, then paid them off when I got the bill I didn't realize they reported BEFORE the payment was due.
I actually got the personal loan just for another TL. The reason I asked about the utilization is, it seems I'm just borrowing from Peter to pay Paul. It does hike up the DTI
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