Credit Card Center Advertiser Disclosure†
08-23-2013 08:05 AM
56 / 1325 for a utilization of 4%
What do you think If i paid off another completely to $0 then left one open with around $10? Do you think my score would go up or stay about the same? That would put it just under 1%.
08-23-2013 09:11 AM
Possibly, everything I read here is saying that have all but one account at $0, with utilization on one card below 9%.
I like this answer. Personaly, through trials and tribulations, my sweetspot is 4%.
08-23-2013 12:32 PM
Thanks a bunch! I think I will give it a try $0 on two and somewhere around $10 on the card with 750 limit.
I don't have many open lines of credit... Just those 3 cards and 2 installment loans (car and furniture).
I do have a ton of OLD (late 2006-early 2007) dings. Collections and Charge-Offs. When I was on my feet enough to catch up, I received advice to NOT touch them because it would make them current again and alter my "fall off date"... I sure wish I would have come on this forum back then because there is no doubt I would have made different choices.
You live.... You learn.
On Aug 5th, my scores were pulled by a lender (mortgage). Equifax 610 and Experian 616 .... A little less than 3 weeks and now my Equifax shows 637 and my Experian shows 631 from myfico. It's getting there... but since I'm in the beginning stages of aquiring the RD loan and building a new home, my broker told me not to dispute items because he didn't want it to hurt my chances. They prequalified / preapproved me... letter given. BUT I need to make sure my middle score gets above 640 and stays there by the time this house is finished. That is somewhere around the end of the year. There will be a couple of old items that will fall off and I know the average age may change...but I'm still hoping for the best!
Any tips on increasing my score without causing any type of harm?
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.