Regular Contributor
Posts: 197
Registered: ‎07-26-2012

Does the timing matter?

In calculating FICO score, does the timing matter? Consider these 2 scenarios:

1) Currently I carry a balance of $5,000 & my utilization ratio is 70%. Every month I pay the minimum balance & my utilization after 2 years is 60%. At that time, I pay off almost the entire balance & bring my utilization down to 2%.

2) Currently I carry a balance of $5,000 & my utilization ratio is 70%. I paid off almost the entire balance today & bring my util down to 2% today. I keep my util at 2% for 2 years.

After 2 years, will my FICO be the same? Assume all other factors stay the same i.e no impact of inquiries, no payment delay etc.

P.S: This question is very important for me so please answer only if you're sure. Thanks!
Walmart Discover $10,000... Chase SW $8,500... Freedom $7,000... CSP $6,000... Amex Delta $3,000... Amex BCP $2,000... Local CU $1,500...
Valued Contributor
Posts: 1,952
Registered: ‎04-07-2009

Re: Does the timing matter?

There is no exact answer to that question.because there other factors to be considered.

Equifax My FICO score 815 5/28/2012, 818 on 7/28/2014 . Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+