???Heavy use of available revolving credit???

[Anonymous]

Hi,

I just signed up today and found out that my Fico score is very good Yay!

But there is one factor which hurts my credit and I don't understand it. 

It says that I have made heavy use of my available revolving credit.

But underneath one factor which helps my credit: I've done a good job of keeping low balances on my revolving accounts.

I always pay my statement balance and I've never been late. I also don't max out my cards. 

It would be great if someone knows more about that and could maybe help me understand...

[ktl72455]

Are you a Authorized user on anyones account/credit card?

Do you have any collection or Charge off accounts still showing a balance?

How many credit cards to you have?

[Anonymous]

1. No
2. No
3. Only two

[pineappledaydreams]

While on the subject I am going to hijack this thread. Sometimes I carry a large balance 75% and only pay the minimum. Will this hurt me even I pay off the entire amount 2 months later or so? Will it stop me from getting cli?

[ktl72455]

I would make sure they were way way down and reporting/showing  before asking for a CLI. otherwise it might.

[guiness56]

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@pineappledaydreams wrote:
While on the subject I am going to hijack this thread. Sometimes I carry a large balance 75% and only pay the minimum. Will this hurt me even I pay off the entire amount 2 months later or so? Will it stop me from getting cli?

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FICO has no memory of utilization.  If you are at 75% now and in 2 months at 10% it only sees the 10% and that is what you are scored on.

[pineappledaydreams]

Say I ask them after they're down will my past high ulti affect me negatively ? Will it reflect poorly?

[guiness56]

You can ask them.  What do you mean will it reflect poorly?

[pineappledaydreams]

What about the companies themselves? Ge for example ? Would they see my high usage from the past with them And deny me a cli based on that even if my current ulti is down at 0?

[guiness56]

They could, yes.  You can call and ask them.  If they say yes, keep your % low for a few months and ask again for a CLI.