Re: Util question/s cenario
11-14-2012 07:58 AM
You will definitely see a drop. How major is hard to say. Maxing out a card is using more than 90% of the credit extended to you on that line. Maxing out a card can be a red flag to lenders.
However if you are going to pay it off rather quickly and do not plan on applying for credit you may be ok.
Personally I would break it up and try to keep each card under 50% utilization.

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 777 EX 767 TU 771
App free since 4/11/12
However if you are going to pay it off rather quickly and do not plan on applying for credit you may be ok.
Personally I would break it up and try to keep each card under 50% utilization.
Current Score: EQ 777 EX 767 TU 771
App free since 4/11/12
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