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Credit Usage

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Anonymous
Not applicable

Credit Usage

Whats the highest percent Fico Score considers low credit usage??
Message 1 of 5
4 REPLIES 4
llecs
Moderator Emeritus

Re: Credit Usage

The highest of the low? I'd say 9%. Though you can shave off more points by going lower.
Message 2 of 5
Anonymous
Not applicable

Re: Credit Usage

  1. You've limited the use of your available credit.
  • Ratio of your revolving balances to your credit limits
    22% This is listed under whats helping my score right now.....So is that considered low credit usage.....I just want to know how hight can that go before it states that its hurting my fico score
  • Message 3 of 5
    llecs
    Moderator Emeritus

    Re: Credit Usage


    shay2009 wrote:
    1. You've limited the use of your available credit.
  • Ratio of your revolving balances to your credit limits
    22% This is listed under whats helping my score right now.....So is that considered low credit usage.....I just want to know how hight can that go before it states that its hurting my fico score

  • There is no set number for the masses. As your credit improves/ages, 22% may be considered bad for you as FICO has less to gripe about. As an example, I had (once) 16% utilization. Can't remember which report said what, but EQ I think said that 16% was bad. TU, with the exact same figure, said that 16% was good. Same reports on the same day.

    Message 4 of 5
    smallfry
    Senior Contributor

    Re: Credit Usage

    Get it under 9% under 5% is even better.
    Message 5 of 5
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