Contributor
mmmmmm
Posts: 156
Registered: ‎06-01-2012
Re: If you only have 1 CC, 0 or 1% util?

Yes, I realize I have weaknesses in my credit history because I'm young, but I'm speaking strictly util-wise, would it be better for 0% or 1%?  I feel like the 796 is artifically high, and since most lenders don't use the TU98, I think the 1% is the better choice because EQ goes up and I'm assuming my TU04/EX may also have similiar changes.  I think the TU98 score is just skewing it a bit.

 

I'm wondering if anyone else has any experience in this area or if they agree it would be better to have the 1% when applying than a $0 balance.