Posts: 20
Registered: ‎07-13-2007

Whats the difference???

Whats the difference between having $0 reporting versus paying in full after it is reported eventhough it is less 10% utility usage? Does it really help a lot on fico scores? To my opinion, having $0 reporting, it looks like the card is not being use when someone looks at your credit report eventhough you are paying it all of it before it reports. Can anyone have any suggestions or opinions about this. Thanks a bunch.  
Valued Contributor
Posts: 1,291
Registered: ‎02-26-2008

Re: Whats the difference???

The standard on reporting is to have half or less of all of your accounts reporting a balance, and less than half of your revolving accounts reporting a balance. So, if you have a car loan and a mortgage reporting balances, and you want to let 3 cards report a balance, you'd need 5 more cards, for 8 total. That would be 5 of 10 accounts and 3 of 8 cards reporting a balance.
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.