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INCREASE IN UTIL % EFFECT ON FICO SCORE

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Anonymous
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INCREASE IN UTIL % EFFECT ON FICO SCORE

EQ- 797

TU- 773

EX- 736

 

My CC util has been under 10%.  However this month I have had some major expenses put on my CC.  My uitl on my CC alone could be over 50%. bout $ 3K on $ 5K CL.  I also have a $ 5K LOC with a $ 1.5K balance. No other revolving debt. How low will my score drop with these new utilization %??

 

Will I still be over 750?

 

 

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1 REPLY 1
Anonymous
Not applicable

Re: INCREASE IN UTIL % EFFECT ON FICO SCORE

Based on recent experience, You shouldn't lose more than 5-pts, 

 

Back in October I put a $6200 purchase on my CITI card with a 6800 CL, I lost 3-pts when it reported the balance, 

 

This morning I received a ScoreWatch alert and see I lost 5-pts from using my un-used BoA card last week to just use it, It had been inactive for several months,

 

As always,, YMMV

 

 

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