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One point for a higher Balance??

Frequent Contributor

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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2 REPLIES
Senior Contributor

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.
Message 2 of 3
Moderator Emeritus

Re: One point for a higher Balance??

or a FICO hiccup, no need to fret
Message 3 of 3