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To use or not to use....

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creditwherecreditisdue
Senior Contributor

Re: To use or not to use....

Optimal credit utilization for FICO scoring purposes is:

  • Total revolving utilization > 0 and <= 9%, the lower the better, and
  • Reporting a balance on less than half of your revolving TL's, and
  • Reporting a balance on half or less of all TL's.

 

Anyway you get there is fair game. You only need have one revolving TL report a balance.

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