08-15-2007 08:53 PM
08-16-2007 04:36 AM
Actually looking at that I would give you a loan. Your high credit is the higest balance you ever had on the card. If that is 12K and your current balance is 1200.00 I'd say you pay your bills. As far as FICO is concerned, it wont hurt your scors in the least. It probably affected then when you were at your high credit due to utilization but now its just a side note to say to anyone eyeballing it, yes you can trust this cust to pay their bills. If your credit llimit wasnt reporting, that amoun wouldtake its place in the utilization calculations for most models, so you'd still be good with yur current utilization.
Anyone know if the "high credit" (historical) on my paper copy of my equifax credit report effects my FICO score. Example:MASTERCARDBALANCE : $1200HIGH CREDIT: $12000CREDIT LIMIT: $15000I always pay on time and keep my reported balance below the 10% threshold. I just never knew that "high credit" was reported. It doesn't show in the online statement just the paper. I was just worried it could be holding my FICO down.Thanks for any wisdom
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO