07-21-2009 07:54 AM
I currently have a US Bank CC account, at approximately 52% utilization. What utilization level will US Bank tolerate before initiating AA (CLD, ratejack, etc.)?
I have not had any problems with them in the past but want to avoid AA while I pay down my balance.
07-21-2009 08:52 AM
Your US Bank credit utilization would just be one factor in determining AA. From talking with a loan officer, they would look (actually computer program would look) at your overall credit profile. Important factors would be: TOTAL UTIL ON ALL CARDS; ANY DERGOS IN YOUR CREDIT REPORT; UNUSUAL INCREASE IN UTIL; RECENT INQUIRIES; NEW CREDIT ACCOUNTS.
Its still prudent to keep low UTIL on all cards in this environment