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Credit Line and Credit Utilization question

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Anonymous
Not applicable

Credit Line and Credit Utilization question

How much does the amount of credit factor into your score if youre utilization remains around 10% or below? For example, is there a score benefit from using $1,000 out of a $10,000 total credit versus using $100 out of a $1,000 total credit? 

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lg8302ch
Senior Contributor

Re: Credit Line and Credit Utilization question


@Anonymous wrote:

How much does the amount of credit factor into your score if youre utilization remains around 10% or below? For example, is there a score benefit from using $1,000 out of a $10,000 total credit versus using $100 out of a $1,000 total credit? 


Welcome to myFico forum

 

While it will be a lot harder with lower CLs but this should not make any difference and both should have the same oportunity to reach a certain score. 

 

https://www.myfico.com/Downloads/Files/myFICO_UYFS_Booklet.pdf  (on page 12)

Message 2 of 3
Anonymous
Not applicable

Re: Credit Line and Credit Utilization question


@lg8302ch wrote:

@Anonymous wrote:

How much does the amount of credit factor into your score if youre utilization remains around 10% or below? For example, is there a score benefit from using $1,000 out of a $10,000 total credit versus using $100 out of a $1,000 total credit? 


Welcome to myFico forum

 

While it will be a lot harder with lower CLs but this should not make any difference and both should have the same oportunity to reach a certain score. 

 

https://www.myfico.com/Downloads/Files/myFICO_UYFS_Booklet.pdf  (on page 12)


/ thread jack

how did you do your signature like that? i like it. i wanna do that! lol

/ thread jack over..

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