Re: Individual CC utilizatio
n vs. No. of CC with Balances
11-19-2012 12:12 PM
FairIsaac has not, to my knowlege, disclosed the respective weightings given to individ card utils and % with balance.
From anecdotal postings, it appears that % with balance is lower, so I would put more focus on maintaining individ card utils lower.
Aside from FICO scoring implications, extended higher % utils on cards are often a trigger for potential credit limit reductions by creditors.
Thus, maintaining high individ card utils might lead to future CL decreases, resulting in reduction of card balances not providing a reduction in % util on the card.