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JackStraw wrote:
Hey folks, Quick question about utilization. Is is strictly a percentage thing or is it based on actual dollar amounts? I have one open CC - First Premier. My limit is $250 and I just sent August's payment in to bring me down to an $8 balance (from $88). That brings me from roughly 30% to 3%. Will that help my scores any or because it's such a small number will the impact not be that much? I know I should have at least one more active account and in the next month or so will probably go for a secured card through BofA or Orchard, but I wanted to get this one paid down first. Thanks, JS
Actual dollar amounts are irrelevant. Only the percentage matters.
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App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip.
)
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip.
)
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