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Can too much credit drop scores?

Senior Contributor

Can too much credit drop scores?

Is there a revolving credit line limit before scores drop?

Maybe $100k, $200k, $300k, $400k, $500k, ect.

I've seen credit reports in these CL numbers so it is a legit question.
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Message 1 of 6
5 REPLIES
Moderator Emeritus

Re: Can too much credit drop scores?

I heard once that individual revolving CL's over a certain $ amount get partially or fully removed from the formula.

I wanna say 30K.

Nothing to do with overall CL's.
Message 2 of 6
Senior Contributor

Re: Can too much credit drop scores?



Timothy wrote:
I heard once that individual revolving CL's over a certain $ amount get partially or fully removed from the formula.

I wanna say 30K.

Nothing to do with overall CL's.


I would like to hear some other responses re: lines over 30K being removed in calculations.
Message 3 of 6
Community Leader
Legendary Contributor

Re: Can too much credit drop scores?

From the various and limited disclosures that FairIsaac has made about  their secret and proprietary modeling, % util is far and above the most important. Clearly, 30% (revlov + install).  But with %util being equal, they aappear to then frown upon more than 5 revolving CLs open. Dont know why, but that is what they say in their posted Powerpoint presentations..  More than 5 CL's open seems to concern their model, but the %util seems to remain linear.  Three to five revolving seems to be smiled upon, but more seem to cause their bits and bytes some concern.  Just my observations from what FairiIsaac has posted about their modeliing, and what their simple simulator has shown, over and over..  The reverse-enginnering of FICO scores is almost iimpossible to predict!  But it is discernible.
20 CL's dont impress their model.  Keep it to five.
Message 4 of 6
Moderator Emeritus

Re: Can too much credit drop scores?



RobertEG wrote:
From the various and limited disclosures that FairIsaac has made about  their secret and proprietary modeling, % util is far and above the most important. Clearly, 30% (revlov + install).  But with %util being equal, they aappear to then frown upon more than 5 revolving CLs open. Dont know why, but that is what they say in their posted Powerpoint presentations..  More than 5 CL's open seems to concern their model, but the %util seems to remain linear.  Three to five revolving seems to be smiled upon, but more seem to cause their bits and bytes some concern.  Just my observations from what FairiIsaac has posted about their modeliing, and what their simple simulator has shown, over and over..  The reverse-enginnering of FICO scores is almost iimpossible to predict!  But it is discernible.
20 CL's dont impress their model.  Keep it to five.


Interesting but there are a lot of people with scores above 760 with 10, 15 and even more open revolving TLs. Are they suffering, no but one has to wonder if they closed all but 5 accounts would their scores be near 800.
Message 5 of 6
Highlighted
Established Contributor

Re: Can too much credit drop scores?

Click on credit education at the top of www.myfico.com    The amount of the line of credit has no factor in the fico score. it deos not matter if your line of credit is $ 100, $ 1,000, $ 10,000, $ 100,000 and so on.
Message 6 of 6