Established Contributor
Posts: 760
Registered: ‎02-11-2012
Re: Revolving Credit

A high balance reporting can be good or bad. Good bc it shows you are using lots of credit  but bad for utilization if you would be applying for new credit ,ie a car or mortage. High reported balance also can help (if you pay in full every month) when applying for a cli with a lender. They track those numbers internally and are more apt to increase your limit if you are using it responsibly.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


Remember the Three P's: Pay early in Full, Pay on Time, Patience