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Lady_Scarlet wrote:
Does FICO calculate this as a total (all balances totaled divided by all CLs totaled) or is it each individual and if you are over 9% on any of them - you are toast?
FICO counts total utilizaton, though being maxed out on any one card can really hurt your score.
95% util on any CC is considered maxed-out.
sankofa wrote:
Maxing out is considered what? Anything over 50%? What is the maximum amount of points a person can be dinged by maxing out one credit card?SandyK
sankofa wrote:
Maxing out is considered what? Anything over 50%? What is the maximum amount of points a person can be dinged by maxing out one credit card?SandyK
Maxing out one card can hurt you as much as a collection.
fused111 wrote:95% util on any CC is considered maxed-out.
sankofa wrote:Maxing out is considered what? Anything over 50%? What is the maximum amount of points a person can be dinged by maxing out one credit card?SandyK
Ouch!!
Brammy wrote:
sankofa wrote:Maxing out is considered what? Anything over 50%? What is the maximum amount of points a person can be dinged by maxing out one credit card?SandyKMaxing out one card can hurt you as much as a collection.
If it reports as a revolving account, then yes this account would report as maxed-out just like a CC. Most LOCs report as revolving.
dnm45227 wrote:
i have a loc that's maxed out will that have the same effect as a collection?