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FYI: Credit Card Utilization and FICO score

Valued Contributor

FYI: Credit Card Utilization and FICO score

Just wanted to put this out there for general information;

I have been playing around with percentages of UTL, I went from 3% to 7% and FICO dropped 3 points.

*8/10/13
5 REPLIES
Contributor

Re: FYI: Credit Card Utilization and FICO score

Did you have a hard pull show up on your report?  3pts sounds more like a pull than a slight bump in utilization.

Highlighted
Valued Contributor

Re: FYI: Credit Card Utilization and FICO score

No....no inquiries. Just the increase of UTL.

*8/10/13
Epic Contributor

Re: FYI: Credit Card Utilization and FICO score

Your utilization is a YMMV. Some get the highest score at 1% where others get it at 9%.

Valued Contributor

Re: FYI: Credit Card Utilization and FICO score

I agree....I am going to try 1% next month.

*8/10/13
Established Contributor

Re: FYI: Credit Card Utilization and FICO score

right now, a single card @ 4.75% utilization(and a ~0.89% overall utilization), gives me a lower score than absolutely no balances reporting on anything by 8 points.

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