Understanding FICO® Scoring

[beautybrainsbooty]

a change in balance from 0 to 453 dollar balance reporting. I fully expected my score to dip based on the info in the forums. I braced myself for it.  But it didn't move, which lets me know I have more than a 9% leeway when it comes to fico scoring. Maybe it appreciates the use of my credit versus the non use before? Ohhhh to understand the FICO formula....still happy tho

[YahComb]

if you had a zero balance overall, then that would have actually lowered your score too.

[distantarray]

2% is supposed to be ideal =\

[sgs10]

How about 1% 

[nicholasyud]

From my experience, Fico not usually update your score by the end of the month.

Let said if you paid your bill today on Oct 26. You likely not going to see the change until maybe the first 10days of November.

They calculate all your credit cards utility by the end of the month.

Maybe you would see some change by somewhere in November. 

Hope it help.

[djrez4]

Your FICO changes constantly.  If a card reports a balance today, your score will change today.  If another card reports a balance tomorrow, your score will change again tomorrow.

I think you snuck in under the mythical 10% utilization threshold so nothing changed.  

[distantarray]

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sgs10 wrote:

How about 1% 

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that's the funny thing about Fico 

[beautybrainsbooty]

thanks for the info guys! I am definitely on top of my score so we will see next month as I will have quite a bit hit BEFORE I pay in full. I really want to see the effect...

[sccredit]

Keep it up!  A little balance shouldn't hurt too much.  My scores have stayed the same with my utilization sliding around between 4% and 14% with no effect.  Who knows!!!  Just use what you have responsibly!

[ellicel]

Does Cap One secured report the balance on the date of your last statement or the highest day to day balance? I went over the 10% in the middle of the month but paid it down a couple of days later.