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@Phoenix-rising wrote:I didn't see this in the list of characteristics, but it shows up as my number 1 negative:The amount owed on your revolving accounts is too high.Your FICO score evaluates how much you owe on your revolving accounts (such as your credit cards). The amount you owe on these accounts is too high.Most FICO High Achievers owe less than $600 on revolving accounts such as credit cards and department store cards.I have a long way to go to get it under $600.
Message Edited by Phoenix-rising on 07-04-2008 07:11 PM
@smallfry wrote:
@Phoenix-rising wrote:I didn't see this in the list of characteristics, but it shows up as my number 1 negative:The amount owed on your revolving accounts is too high.Your FICO score evaluates how much you owe on your revolving accounts (such as your credit cards). The amount you owe on these accounts is too high.Most FICO High Achievers owe less than $600 on revolving accounts such as credit cards and department store cards.I have a long way to go to get it under $600.
Message Edited by Phoenix-rising on 07-04-2008 07:11 PM
What is your utilization on revolving?
@Phoenix-rising wrote:
@smallfry wrote:
@Phoenix-rising wrote:I didn't see this in the list of characteristics, but it shows up as my number 1 negative:The amount owed on your revolving accounts is too high.Your FICO score evaluates how much you owe on your revolving accounts (such as your credit cards). The amount you owe on these accounts is too high.Most FICO High Achievers owe less than $600 on revolving accounts such as credit cards and department store cards.I have a long way to go to get it under $600.
Message Edited by Phoenix-rising on 07-04-2008 07:11 PM
What is your utilization on revolving?My UT is negative item #3.You've made heavy use of your available revolving credit.It was 35% on June 16. After my accounts update this month that number should drop a little since I got $6k in CLIs and paid down $4k.
Hi, welcome to the forums!
@Anonymous wrote:
My EQ score is 763 but I'm being "hurt" by opening a new account in the past 3 months (student loan for my son). How many points do you think my score went down by opening that account? It's not like I had much choice anyway but I'm curious.
@smallfry wrote:
Someone over at CB lost 47 points from 802 on EQ for 1 new account showing.
@haulingthescoreup wrote:
@smallfry wrote:
Someone over at CB lost 47 points from 802 on EQ for 1 new account showing.
I lost 74 on EX, starting from 749, but that was on, ummmm, 6 new accounts reporting.