Credit Card Center Advertiser Disclosure†
02-27-2013 10:41 AM
02-27-2013 10:54 AM - edited 02-27-2013 10:57 AM
i did this was what I pulled it from. heres some of the info:
It only says one thing "You've made heavy use of your available revolving credit." But, then on the report it says credit utilization 8.5% Total $45,000 used $3,850
Why is high considered high?
02-27-2013 11:00 AM
Overall it's good, but are any of the cards over 10%? You mentioned you were at 20% on some.
What other negatives are there on that 2nd page?
How recent is your most recent acct?
What are the positives on the other side of the page?
02-27-2013 11:08 AM - edited 02-27-2013 11:08 AM
No, But at one point I had one card over 60% which was the Walmart card only had a 1,500 limit. I paid it off, then they increase it to 2,500. Now it has $300 balance. but I have visas, mastercards they all have 5k limits and up. I never use them.
Everything looks good. The report is All "A" and one B which is credit history - oldest account is only 9yrs and 8 months old.
02-27-2013 11:19 AM
02-27-2013 11:21 AM
A 'B' in credit history? That scoring system is a non-FICO (called VantageScore). Definitely don't rely on those scores or even advice. You can be in the mid 600s with those scores and still have FICOs in the mid to high 700s at the same time.
Why did they list that as a "B" though? If you purchased a report via myFICO look on the Accounts page. Look for any red flags. That'll be a good indicator of any specific accounts that are viewed as a negative.