cancel
Showing results for 
Search instead for 
Did you mean: 

Change in Utilization

Valued Member

Change in Utilization

Hello credit gurus,

 

I am currently in the process of truly starting my homebuying journey. My scores are at a point where I believe I can really make this happen. I have my utilization at 1% (rounded up). However, I have heard the having utilization at about 9% can truly maximize my scores rather than being closer to 0%. I basically have all my cards at $0 and one card @ $1. Is it better to let one of my cards reach 9%, or my entire utilization at 9%? Is 9% really a sweet spot or is this all wild speculations.

 

Please chime in!


Starting Score: EQ 612 (CU Lender Pull) 03-2012
Current Score: EQ 679 TU 697 (Lender Pull) EX 668 (Lender Pull)
Goal: Reach the 700+ Club!!!


Take the myFICO Fitness Challenge
Message 1 of 5
4 REPLIES
Regular Contributor

Re: Change in Utilization

Their's a guy on here that has scores in the 800's--he said the sweet spot is 2% on your biggest card and 0 on all the rest.  I tried this and my score went up over 30 points to 778--hope this helps!

Navy Siggy Cash Rewards 25K , Navy plat visa 25k,navy go 25k, Navy Check 15K, , USAA Am Exp 18K, USAA MC Rate Advantage 18K, Discover IT 18.5K, PayPal Extras MC 7.5K, Chase Military Star MC 2.5K, Military Star 8.05k, Wallmart discover 7.5k, Amex bce 25k,Boa cash rewards25k, southwest chase 4k, nasa cr 30k,nasa rew 5k,barc rewards 25k=279k+ scores 750 across the board
Message 2 of 5
Moderator Emeritus

Re: Change in Utilization

My sweet spot is one card reporting 4%.   It just takes some time and some tinkering to figure it out.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 3 of 5
Valued Member

Re: Change in Utilization

So here's my next question, does the type of credit card (retail credit, etc) that has the balance factor in at all?

Starting Score: EQ 612 (CU Lender Pull) 03-2012
Current Score: EQ 679 TU 697 (Lender Pull) EX 668 (Lender Pull)
Goal: Reach the 700+ Club!!!


Take the myFICO Fitness Challenge
Message 4 of 5
Highlighted
Moderator Emeritus

Re: Change in Utilization

Seems like former mod, psychic, did an experiment by letting a store charge report vs. a revolving CC. I honestly can't remember the results though. Probably not much help.

Message 5 of 5