I give up trying to figure this out

[NRB525]

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@franatic wrote:

However, since joining MYFICO, I have watched them go up and DOWN and frankly I just ignore it and try and do whatever is suggested and of course, pay everything on time.

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This is really the only rule there is in credit. Everything else is just decisions and noise.

[Anonymous]

Yep, I'm a testament to that. I have 80% utilization with one credit card sitting at 99% right now!  I just recently subscribed to check my scores (got a car) and surprised to learn I had 750 fico 8 scores. 

Ten years ago (the last time I checked, which was for, ironically, a car, the same car I just replaced) I was sitting at 680 I think. Since that time, I've paid everything on time, not one missed payment, but I've always kind of had high utilization, but still able to drag up my scores just for that fact. 

[Anonymous]

Thats exactly why I am confused because on one post i read high UTIL or near max out on a cc is horrible for scores and on others i read having a reletively high UTIL is good because it shows the CC companies you can handle large tradelines.  I'm telling you I think reading ancient hyrogliphics is easier to understand than how credit scores work.  But I am just going to keep on trucking along paying every month on time and hope for the best.

Thanks everyone for your comments and advice, its very much appreciated.

Merry Christmas and Happy Holidays to you ALL 

[NRB525]

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@Anonymous wrote:

Thats exactly why I am confused because on one post i read high UTIL or near max out on a cc is horrible for scores and on others i read having a reletively high UTIL is good because it shows the CC companies you can handle large tradelines.  I'm telling you I think reading ancient hyrogliphics is easier to understand than how credit scores work.  But I am just going to keep on trucking along paying every month on time and hope for the best.

Thanks everyone for your comments and advice, its very much appreciated.

Merry Christmas and Happy Holidays to you ALL 

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Well, it does bring your scores down, but "horrible" is a prejudicial word. There are legitimate reasons why we borrow, and borrowing results in seeing utilization on credit products. That's not bad, it just is.

Good luck!