Someone posted CC utilization sweet spots for pt increase, but I can’t find it now, can someone help me out and post them? I know 28% is one
No, but thank you, someone had posted that ( just an example) 28 is one then 13 then 9, something like that
You should stay under 30%. I have done that for the last 3 months but when I look under the reasons why my score is still low it says I need to get my utilization under 7%. I'm going to try that this month and see if there is a big difference in my score. All 3 scores has been around 620 for the last 3 months it will go up or down by no more than 5 pts...I'm not expecting a big gain but I'll let you know what happens.
Thank you!
Thresholds:
8.9%, 28.9%, 48.9%, 68.9%, 88.9%
Below 8.9% is best; below 28.9% but at or higher than 8.9% is OK (maybe 2 - 5 point score ding depending on profile); at or higher than 28.9% is where most start seeing big score penalties.
8.9%, 28.9%, 48.9%, 68.9%, 88.9%
Below 8.9% is best; below 28.9% but at or higher than 8.9% is OK (maybe 2 - 5 point score ding depending on profile); at or higher than 28.9% is where most start seeing big score penalties.
Thank you! That what I was looking for!
I think the same thresholds apply to installments (almost sure).
wrote:Would anyone know what the thresholds are for Installment loans, such as auto?