Util question....

[Anonymous]

Right now im at 3% util total on my 3 CC's. I want to invest in a laptop, which with take my Util to about 12%. How much of a score hit would I take??  Thanks

[llecs]

Probably only 10-15 points without opening a new TL.

Message Edited by llecs on 02-16-2009 02:55 PM

[marty56]

Assuming the util is on a new account or one that was 0 balance prior, you may get a hit on the # of accounts reporting a balance.

Just a thought.  I purchased my computer last year through Bill Me Latter.  No Interest/No Payments for 6 months and the only thing that showed on my CR was an INQ.

[Anonymous]

10-15 point hit??  Gezz...   My balance on the card I want to use is $150, and I was going charge maybe $600 to it.

[Anonymous]

The point hit will only last until you get your utilization back down - as soon as you get it back down, your score will go back up to where it was.

The inquiry for Bill Me Later will stay on your report for 2 years.

[llecs]

Plus any hit would be for the new TL and that would gradually wear off over the next 6-12 months.