03-05-2013 06:48 AM
Quick question for credit card utilization.
Started working on my wifes credit. She is currently an authorized user on one of my smaller credit cards of $300 limit, which has a utlization of about 65% for a few months. Her AAoA is about 2 yrs. She is Fairly new to credit and recently was approved for a new credit line with Jared for $1500. We don't plan to use the account but have it simply for utilization (I also added myself as an auth user to this acct for my credit). When this new account shows up on her credit reports im curious to know how it will effect her score based on a new utilization of roughly 12% or being as her accounts are so new, Im wondering if the effects will not be as much as anticipated... any thoughts, appreciated.. thx