@Anonymous wrote:
Ok now i understand. So thats what the whole not using no more than 30 percent on each card but youre saying using even less helps credit more?
Yes, if are below 30% you are likened to a .300 hitter in baseball and that's good. If you are at a much lower number like 8 percent, you are like a .370 hitter and you are on the road to the Hall of Fame! Less is more in this case.
Now, there is a debate over keeping a balance on just one card? I am not sure of such? I've had balances showing on all my cards but the total my scores went up due to my 2% utilization. This month with my new cards, I showed a balance of 6% on my cards and my scores have gone down to EQ 745 TU 740 EX 726 due to me showing an increase of more than 200% on one card ($61 to $200) and several new accounts and inquires. It was expected on my part. I am not looking to shop for a card until the summer/fall so I can no just garden and watch my scores go back up.
Also, there have been several members here who discuss being in a scoring bucket So doing certain things will put you in one bucket versus another and at the top range or lower range of that bucket? In my case, I see myself jumping in score over the next 6-9 months minus any catastrophic events like a late payment to the 760-780 range. Ido not see 800 happening due to my AAoA is currently 1.34 years due to the addition of the new accounts.
