Understanding FICO® Scoring

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basballguy
Posts: 206
Registered: ‎02-20-2008

2% or 9%

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‎01-31-2013 03:18 PM - edited ‎01-31-2013 03:19 PM

I hate to beat a dead horse since i know this comes up once a week but i'm looking for fresh opinions on my situation.  :smileyhappy:

 

Just one CC and i'm looking ot maximize my score.  I'm in a derog bucket (PR).  Last cycle I was at 85% utilization.  Right now I'm at 2% but I'm thinking of charging up to 9% before I cycle next week.

 

Thoughts?

 

no past dues or any other negatives last 2 or 3 years.  Just looking ot maximize score potential off CC utilization. 

Starting Score: (7/2012) 522
Current Score: (2/19/2013) (Lender Pull) TU:661 EQ: 661 EX 679
Goal Score: 660
NEW Goal Score: 700

Take the myFICO Fitness Challenge
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Shogun
Posts: 7,372
Registered: ‎04-15-2011

Re: 2% or 9%

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‎01-31-2013 03:57 PM

Or somewhere in between.  2% should be just fine.

Starting Score: 504

Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
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bettercreditguy1
Posts: 653
Registered: ‎02-11-2012

Re: 2% or 9%

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‎02-01-2013 06:10 PM

Your util is fine. You can not fine tune it any better. What else is reporting? WE can give you more insight with additional info

Starting scores 01/ 02/2012 EQ 707 TU 733 EXP 735 (FAKO)
Updated scores 05/01/2013 EQ 761 TU 780 EXP 788 (Exp. equivalency)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
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