Frequent Contributor
Posts: 271
Registered: ‎08-09-2009
Re: Utilization Theories

bernhardtra wrote:

Utilization in regards to your credit report actually does not have a history.  40% is the recommended for people without any serious deliquencies or bankruptcies and 20% for those that do.  This part of your score changes as you decrease or increase the balances on your account.  One aspect of it is also the amount on one card.  If that one account is way too high then it can have a bit of an impact on your score too.  I actually read most of this right from FICO!

Yup...My score went down from 670 to 662...I had an 89 balance as well as other balance report...My overall util is under 5%...probably under 3% at the time


Could have also been my loan consolidation...that could have removed the history from 2007 and dropped it a bit

Starting Score: 601
Current Score: 670
Goal Score: 700

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