04-02-2008 07:06 AM
04-02-2008 07:25 AM
Hi,I understand that it's important to keep utilization low on credit cards in order to boost your FICO scores. I have a question ... I just recently paid off my Ch. 13 bankruptcy (expect my discharge papers sometime in the next month), and I have a small Orchard Bank card ($400 line). Let's say that there is no balance on that card ... does that count just as much (i.e., 0% utilization) on this small balance card, as let's say a much larger line credit card (i.e., $5000) and the utilization on that? Or if and when I can get a $5000 card down the road, does keeping that balance low count more than a small balance card?Just curious how this works. Thanks!
04-02-2008 07:38 AM
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