03-26-2007 02:41 PM - edited 03-26-2007 02:41 PM
03-26-2007 04:24 PM
03-26-2007 06:12 PM
03-31-2007 04:27 PM
03-31-2007 05:34 PM - edited 03-31-2007 05:43 PM
03-31-2007 10:17 PM
There's no concrete number of maximum utilization. Different issues get less comfortable at different points.
If you want to bt some money from a card at 0% to a deposit account and just make your 5-6% on it, this is perfectly safe, but using a large portion of your credit lines will reduce your score. Although remember that a score is just a means to accomplish other things you want, not the ultimate goal in itself.
On misc. thoughts, don't forget to leave room for bt transfer fees when thinking how much to transfer. Don't forget to make on time payments (not only will this have negative impact on your score, but I'll leave to you to figure out what happens when you have say 50k or more at 30% interest rate because you were late on a payment).
There's plenty of useful reading on this subject on fatwallet finance forum. Just search for app-o-ramas.
04-01-2007 04:00 AM
04-01-2007 12:58 PM
04-02-2007 05:59 PM - edited 04-02-2007 06:00 PM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.