Quick util ?

[Anonymous]

When allowing around 9pct to report on one card, does the 9pct equal to the limit on that card or the total credit line you have on the cra's?

Example- between my 3 secured and QS1 I have a total of 1200 credit line ....so if I say let the QS1 report- do I let it report 9pct of that cards limit (500) or let it report 9pct of 1200 (total credit line between the accounts).

Thanks in advance! 

[Anonymous]

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@Anonymous wrote:

When allowing around 9pct to report on one card, does the 9pct equal to the limit on that card or the total credit line you have on the cra's?

Example- between my 3 secured and QS1 I have a total of 1200 credit line ....so if I say let the QS1 report- do I let it report 9pct of that cards limit (500) or let it report 9pct of 1200 (total credit line between the accounts).

Thanks in advance! 

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Card limit, not total credit limit.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

When allowing around 9pct to report on one card, does the 9pct equal to the limit on that card or the total credit line you have on the cra's?

Example- between my 3 secured and QS1 I have a total of 1200 credit line ....so if I say let the QS1 report- do I let it report 9pct of that cards limit (500) or let it report 9pct of 1200 (total credit line between the accounts).

Thanks in advance! 

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Card limit, not total credit limit.

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So each card I have should report 9%. I have it right now 3 at 0 and one at 7-9%. Thoughts?

[Anonymous]

For optimal scoring you only want 1 card to report a balance. You get a ding for each card that has a balance and another ding if more than half of the cards report a balance. Plus a ding if the balance(s) are high.

[RonM21]

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@Anonymous wrote:
For optimal scoring you only want 1 card to report a balance. You get a ding for each card that has a balance and another ding if more than half of the cards report a balance. Plus a ding if the balance(s) are high.

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+1

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

When allowing around 9pct to report on one card, does the 9pct equal to the limit on that card or the total credit line you have on the cra's?

Example- between my 3 secured and QS1 I have a total of 1200 credit line ....so if I say let the QS1 report- do I let it report 9pct of that cards limit (500) or let it report 9pct of 1200 (total credit line between the accounts).

Thanks in advance! 

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Card limit, not total credit limit.

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So each card I have should report 9%. I have it right now 3 at 0 and one at 7-9%. Thoughts?

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Only one card should show a balance for optimal UTI.

HOWEVER, I would also point out that on a damaged credit profile, the point boost you get going from <30% to <10% is minimal. It is also not necessary to continually maintain that "golden UTI%" - just use it to peak your scores before a credit application.

[Anonymous]

Agree with above^^^ I brought my UTI down to around 15% and saw a pretty big boost but then realized to get the CL increases that I wanted (especially with Discover) I had to use the card more so my UTI went up and score went down. I'm fine with this for now and will maximize UTI in a few months when I'm ready to apply for a mortgage.