@Anonymous wrote:
Forgive me if this has been adressed which im sure it has but my search tool bar is not working right now, it keeps freezing.
I have 4 cards-
Home Depot 1k Cl 680 balance
JCpenny 700 CL 380 balance
Cap 1 500 CL 20.00 balane
what should i pay them down to to recieve the most score impact? My Cap 1 card was paid down to 0 , I charged 41 on it and paid it back down to 20 dollars to try and keep it active. Generally which number % do they want to see utilization under>
FICO scores several different things.
Overall revolving utilization
Individual card utilization
Number of revolving accounts reporting a balance
Optimal credit utilization for FICO scoring purposes seems to be:
Total revolving utilization > 0 and < 9%, the lower the better, and
Reporting a balance on less than half of your revolving TL's
Many posters here recommend going even further to tweak your score. Have only one of your cards report that 1-9% utilization each month and the others should always report a zero balance every month. You'll probably need to play around with the numbers for awhile to see what works best for you.
From a BK years ago to:
9/09 EX pulled by lender 802
3/10 EQ- 800
4/10 TU -772
You can do the same thing with hard work
Credit Scoring 101
Common Abbreviations
Frequently Requested Threads
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Whats In Your FICO Score
