I have 13 open accounts. 3 are high util, the rest have anywhere from $50-200 on them none of which are higher than 10% util. I have some cash I was going to use to pay down one of the high util cards but would I be better off score wise to clean up all the small ones?Thanks!4/11/08 EQ 602, EX 635, TU 6295/13/08 EQ 714, EX 717, TU 694
All I have both read on this subject and seen from my personal experience is that of the three major util factors (i..e.., overall %util, indiv card % utils, and number of cards with balances), the most important are the first two. I would pay down % util on the higher util cards before I would concentrate on how many cards contain balances..
I agree. Nice summary.