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Maxing out?

Established Contributor

Maxing out?

What is maxing out according to FICO vs FAKOs?  90%?  I've also heard 75% sometimes.  Does it vary? 

FICO: EQ 768 | TU 813 | EX 781

Amex BCE $25000, SFFCU Visa $15000 + LOC $5000, USAA Amex $6000, USAA MC $7000, Cap1 $8000, Freedom $12000, Slate $500, Barclays "RIP" SM $11500, USBank Cash+ $7500, Citi Diamond $7900, Citi Double Cash $3700, Care Credit $13500k.
My Credit Repair Journey
Message 1 of 15
14 REPLIES
Valued Contributor

Re: Maxing out?

your score drops as util increases above about 10%.   It doesn't have to be fully "maxed out" to cause your score to drop.  75% severely hurts your FICO score.

EX:694 TU:744 EQ:777
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Message 2 of 15
Established Member

Re: Maxing out?

+1 with DaveSignal said

Message 3 of 15
Established Contributor

Re: Maxing out?

Actually I'm going to other direction, I transferred a balance and am paying it down.  I saw a good bump when I went from just over 90% to below 90% and wondered if the bump was due to taking it out of being "maxed out" at 90%.  I imagine taking it below 75% then below 51% will also be good bumps compared to taking it from 70% to 60% and so on.  I'm wondering if there are thresholds that give greater score bumps when you hit those UTIL numbers.

 

CLARIFICATION: I should have said my PLUS scores had a bump, I'm wondering if FICO would have a bump from going under the 90% threshold also.

FICO: EQ 768 | TU 813 | EX 781

Amex BCE $25000, SFFCU Visa $15000 + LOC $5000, USAA Amex $6000, USAA MC $7000, Cap1 $8000, Freedom $12000, Slate $500, Barclays "RIP" SM $11500, USBank Cash+ $7500, Citi Diamond $7900, Citi Double Cash $3700, Care Credit $13500k.
My Credit Repair Journey
Message 4 of 15
Senior Contributor

Re: Maxing out?

There should be a better bump below 20% and a fantastic bump below 10%

Message 5 of 15
Frequent Contributor

Re: Maxing out?

And and even better bump in score when less than 2%, and only one card reporting a balance.

 

I noticed a difference from 7% to 5%, and from 3 cards reporting to 2 cards reporting.

About 400k in Credit Lines
CSP 29.9k, Citi DP 42.5k, Chase Marriott 12k, Chase IHG 6.5k, Sams MC 20k, Amex Hilton Surpass 356k, Hawaii Air 26k, Discover More 50k, Chase SWA 3.5k, WF PLOC 30k, B of A Visa 43.8k, Wells Plat Visa 8.3k, RC Willey 5k, Pen Fed Visa 43.7k, Pen Fed PLOC 25k, Lowes 25k, CSR 28.8k
Message 6 of 15
Established Contributor

Re: Maxing out?


Bay_Area_Joe wrote:

And and even better bump in score when less than 2%, and only one card reporting a balance.

 

I noticed a difference from 7% to 5%, and from 3 cards reporting to 2 cards reporting.


+10,000,000,000,000


NFCU #1 Fan!! NO MOAR APPS TIL 10/13 Minimum!!
TU -746, EX - 721, EQ -745
Cards:NFCU Flag Visa Sig $10000, CSP $8500, AMEX BCP $2000 Freedom $3500, Disc IT $5000, Cap 1 Green $2100, Credit 1 CLOSED! AU on Amex Green, Discover $2000, Cap One Plat $1000
Message 7 of 15
Valued Contributor

Re: Maxing out?


kroberts67 wrote:  I'm wondering if there are thresholds that give greater score bumps when you hit those UTIL numbers.

 

My sweet spot for the most possible points seems to be only 1 card with a balance, utilization total of 2 to 3 percent, and it drops from there.  The chart posted here by distantarray shows utilization tiers of different reports.  These are actual numbers sampled from real credit reports, and for all of them the sweet spot is somewhere under 10%.  

 

3-26-15: FICO EXP: 828 - EQU:820 - TRAN: 828 - AVG: 825 +275 points from JUN 2008 - MY CREDIT JOURNAL

Message 8 of 15
Established Contributor

Re: Maxing out?

This is an awesome graph!  I've seen this before but didn't know what thread.  Thanks!  Smiley Happy

FICO: EQ 768 | TU 813 | EX 781

Amex BCE $25000, SFFCU Visa $15000 + LOC $5000, USAA Amex $6000, USAA MC $7000, Cap1 $8000, Freedom $12000, Slate $500, Barclays "RIP" SM $11500, USBank Cash+ $7500, Citi Diamond $7900, Citi Double Cash $3700, Care Credit $13500k.
My Credit Repair Journey
Message 9 of 15
Established Contributor

Re: Maxing out?

I lost 119 points on EQ (FICO) going from <10% UTIL to >90%.

 

~kn


EQ: 700 (FICO ScoreWatch) 11/26/14
EX: ??? (No Current)
TU: 681 (Discover FICO) 11/12/14

Last App 9/22/14... In Garden 'till Summer '15
Message 10 of 15