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Valued Contributor
dodfire
Posts: 1,453
Registered: ‎04-14-2012

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
Contributor
0x47
Posts: 91
Registered: ‎03-17-2013

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.

Valued Contributor
dodfire
Posts: 1,453
Registered: ‎04-14-2012

Re: FYI: Credit Card Utilization and FICO score

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

*8/10/13
Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

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
dodfire
Posts: 1,453
Registered: ‎04-14-2012

Re: FYI: Credit Card Utilization and FICO score

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

*8/10/13
Established Contributor
YahComb
Posts: 592
Registered: ‎03-10-2012

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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