Valued Contributor
Posts: 2,111
Registered: ‎07-29-2011
Re: Fico Score did not improve after 7 month credit card activity

llecs wrote:


If "very good" is listed for Amount of Debt. There could be utilization issues holding your score down. What's your current util?


+1.  If your card is reporting $0 balance, then that is why you are getting penalized for not using any credit cards.  FICO is a snapshot and sees what is currently on your report.  It doesn't see what your balance was last month or any months before that.  Only right now what is being reported as of the statement date.  At least one of your cards should have a balance.

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