I thought the purpose of FICO was to predict who was more likely to default on a loan and it seems to me that maxing out your cards and seeking more credit would be an inidcation to me that the person may have trouble paying those bills.
They funny thing is that the person who has the better FICO score will more likely get approved for the CC but take a bigger hit for applying while the person who has the lower credit score may not get the CC but take less of a hit.
1/25/2021: FICO 850 EQ 848 TU 847 EX
