06-13-2013 11:11 AM - edited 06-13-2013 11:14 AM
I recognize the chart. The chart is from plugging in numbers and profiles to the FICO score estimator model (on this site) but was put together on another Board which Shall Not Be Named.*
*TOS restriction on this board.
06-13-2013 01:12 PM
cashnocredit wrote: Board which Shall Not Be Named.* *TOS restriction on this board.
If the poster were to go to the thread and look at what distantarray wrote, the neame of the chart author could be seen. A bit of google-fu would lead you to the board where said author hangs out.
06-13-2013 01:35 PM
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%.
I have been looking for this chart since I first stumbled upon it last year. Thank you for bringing it back!!!
06-13-2013 04:23 PM
HiLine wrote: I have been looking for this chart since I first stumbled upon it last year. Thank you for bringing it back!!!
Yeah, it took some digging. Good info.
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