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Frequent Contributor
Posts: 432
Registered: ‎05-07-2008
0

One point for a higher Balance??

Okay, if things could not get more confusing, I had a balance increase (from $8 to $41 on my $600 credit limit CC) and I got a 1 point increase in my credit score....  what in the world is going on here??? I don't think I will ever get this whole credit thing! lol
 
I have been trying to keep my utl at 0% or under 5%, is keeping something on your CC better than having a 0 balance?
 
Thanks!
Starting Score: 06/2010- EQ 464
01/2012-EQ 512
April Score: EQ 679 4/12TU- 677 EX- 699 (FAKO)
Current Score: 05/2012-EQ 691 4/12TU- 706 EX- 720(FAKO)
Goal Score: 700 by 05/2012- MADE IT!!!!


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Senior Contributor
Posts: 4,831
Registered: ‎04-20-2007
0

Re: One point for a higher Balance??

Don't let more than half your cards report with any balances at all. The point increase could be due to other factors. Age that sort of thing.
Moderator Emeritus
Posts: 16,374
Registered: ‎03-12-2007
0

Re: One point for a higher Balance??

or a FICO hiccup, no need to fret
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

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