Re: Does Fico or Creditors in general, care if I use the card " a lot "
11-04-2012 09:29 AM
If you only put about $500/month of your 15k+ limits on your cards, it's of little concern to creditors whether it's all on one card or spread across all four. However for FICO scoring purposes, you'll get the most poiints by letting only one card report a balance. CCCs arent going to look at past balances unless you would need to go through a manual review. In your circumstances, I doubt that you would ever have to go through manual review, with the exception of a mortgage, where everyone goes through manual review. And, if they did look at your past balances, they're all low, so it wouldn't be a problem.
672 (7/2012) EQ. 681 (8/1/12) EQ
Current FICO 682 (10/13/12) EQ; 718 (10/13/12) TU
Goal: 760+ but 700-720 by jan 2013
No new apps tll jul 2013