11-03-2007 03:29 AM - edited 11-04-2007 09:55 AM
11-03-2007 09:31 AM
11-03-2007 10:05 AM - edited 11-04-2007 10:00 AM
11-03-2007 11:20 AM
11-03-2007 12:17 PM
You might see max FICO points with regard to revolving util% calculations but it really depends on your scores and which scoring bucket you're in. As for overdraft protection, it's usually reported as a revolving TL so treat it the same way you would with a CC TL and keep util at zero or no higher than 9%.
In relation to Credit cards: Optimal utilization being between 1% and 4%. What If I kept it under 1% and above 0% at all times?Will it hurt?Will it help?Will it make no difference?ALSO:Same question as above in relation to checking account overdraft protection?Will it hurt?Will it help?Will it make no difference?Thank you in advance.
Message Edited by AllTheNationsWillMournUSA on 11-03-2007 03:38 AM
Message Edited by AllTheNationsWillMournUSA on 11-03-2007 04:20 AM
11-04-2007 07:15 AM - edited 11-04-2007 09:30 AM
11-04-2007 01:55 PM
AllTheNationsWillMournUSA wrote:My monthy cc's expenses have me under 1% and I have no other expenses I can add on them to bring it to 1% - 4%.So unless I waste money and "make up" expences to add on to the cc's to bring it to 1%-4%( and thats not an option) I will need to lower my credit limits. Will lowering my credit limits hurt my score? Thats why I was asking and hoping that optimal utlz. IS BETWEEN .0000001% - 4% and NOT BETWEEN 1% - 4%. Im pretty sure lowering my limits will HURT my score because it will affect my past history high utlz. Right now, My high utlz. history is at 25% ,lowering my limits to reach stated goals will easily bring it over 50% high history utiz. So I might be powerless to do anything about it.
Message Edited by AllTheNationsWillMournUSA on 11-04-2007 09:30 AM
11-04-2007 01:59 PM
AllTheNationsWillMournUSA wrote:My monthy cc's expenses have me under 1% and I have no other expenses I can add on them to bring it to 1% - 4%.