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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?
@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)
@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..