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@Anonymous wrote:
Pay off in full. Activity is the same as balance. They both force an update reflecting payment. PIF looks better. A personal opinion, 0% will give you a higher score than 10% UTL. There is a sweet spot for a few more points somewhere on the lower end of UTL.
Exactly!
masdeocho wrote:
Jbunny -- no impact at all on your future FICO score. There is no historical utilization factor. How much of your CL you use today does not matter when you pull your score in one year. That's why I said this is fine tuning -- the utilization only matters at the point in time when your score really matters. Otherwise it's just academic.
@fused111 wrote:Exactly!
@Anonymous wrote:Jbunny -- no impact at all on your future FICO score. There is no historical utilization factor. How much of your CL you use today does not matter when you pull your score in one year. That's why I said this is fine tuning -- the utilization only matters at the point in time when your score really matters. Otherwise it's just academic.
@Anonymous wrote:Pay it all off. The only time you want 1 - 9% utilization is when you are actually applying for credit. If you are getting a mortgage next year, it doesn't matter that you have a zero balance reported now. Better to be debt adverse and not pay extra $ to the banks.
@andyaycw wrote:
@Anonymous wrote:
Pay it all off. The only time you want 1 - 9% utilization is when you are actually applying for credit. If you are getting a mortgage next year, it doesn't matter that you have a zero balance reported now. Better to be debt adverse and not pay extra $ to the banks.
So someone who maxes out their card for 11 months, then brings utilization down to 10% will have the same score as someone who maintained 10% utilization for all 12 consecutive months?
That doesn't make sense.