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Utilization sweet spots

Utilization sweet spots

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
Message 1 of 9
8 REPLIES
Moderator

Re: Utilization sweet spots

I think you are looking for ABCD2199

 

In his signature is the link.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne
Message 2 of 9

Re: Utilization sweet spots

No, but thank you, someone had posted that ( just an example) 28 is one then 13 then 9, something like that
Message 3 of 9
New Contributor

Re: Utilization sweet spots

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.

Filed Chapter 7 on 4/4/17 Discharged on 7/20/17
Scores after Discharged: EX 567, EQ 580, and TU 559
Current scores: EX 630, EQ 623, and TU 628

Cards in my wallet: First Premier $700.00 Credit One $300.00 Kohls $300.00 Victoria Secret $250.00 NY & Company $250.00
$13,900 auto loan with Springboardauto.com
Currently @ 39% utilization
Too many inquires from auto shopping to get approved for a decent card. Gardening until Aug 2018
Message 4 of 9

Re: Utilization sweet spots

Thank you!
Message 5 of 9
Highlighted
Regular Contributor

Re: Utilization sweet spots

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.
Personal Aphorism:
"Forget What You Feel, Remember What You Deserve"


Starting Score:   09/06/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current Score:  02/01/2018: EX 757✦ EQ 678 (Still Fighting State Tax Lien) ✦ TU 765
Goal Score:   800's


Take the myFICO Fitness Challenge

My AAOA: 2.8 years
My Baddies:
     (1) First Premier Charge-Off (PIF)
     (2) GA State Tax Lien, Paid & Released - Remains on EQ Only. Drop off 11/2018 but fighting for removal. *sigh*


Tending My Garden til' 12/31/2018
Message 6 of 9

Re: Utilization sweet spots

Thank you! That what I was looking for!
Message 7 of 9
Valued Contributor

Re: Utilization sweet spots

Would anyone know what the thresholds are for Installment loans, such as auto?

 

 

Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
Feb 2018: EX8: 737; EQ8: 736; TU8: 747; EQ04: 735 FICO 9 Scores about 50 points higher
In My Wallet: Discover $63.7K; Cap1 Venture $36.7K; Amex ED $38K; Amex Optima $12.5K; Amex Delta Gold $15K; Cap1 Plat $8.4K; Barclay $7K; Citi TY Pref $13K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $209.8K
My UTIL: Less than 1% - Only allow about $10 a month to report, on one account. .
Message 8 of 9
Regular Contributor

Re: Utilization sweet spots

I think the same thresholds apply to installments (almost sure). 

 


@wrote:

Would anyone know what the thresholds are for Installment loans, such as auto?

 

 




Personal Aphorism:
"Forget What You Feel, Remember What You Deserve"


Starting Score:   09/06/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current Score:  02/01/2018: EX 757✦ EQ 678 (Still Fighting State Tax Lien) ✦ TU 765
Goal Score:   800's


Take the myFICO Fitness Challenge

My AAOA: 2.8 years
My Baddies:
     (1) First Premier Charge-Off (PIF)
     (2) GA State Tax Lien, Paid & Released - Remains on EQ Only. Drop off 11/2018 but fighting for removal. *sigh*


Tending My Garden til' 12/31/2018
Message 9 of 9