Reply
New Member
xxbodkinxx
Posts: 1
Registered: ‎06-06-2007
0

Ratio of my revolving balances to 34% my credit limit, lowering this help me how much?

I am at 698 credit score at the moment and I am really hoping to raise this about 20 points or so in the semi near future. I am coming into some money in which I was going to pay off my 2 remaining credit cards but after reading the forums I understand that it is better to keep 1-9% on them. My question is going from 34 to 1-9 going to help my score that much?
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Ratio of my revolving balances to 34% my credit limit, lowering this help me how much?

Yes!

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+