Regular Contributor
James82
Posts: 194
Registered: ‎08-23-2013
Re: High Balance vs Utilization and impact on scoring
[ Edited ]

It is my understanding that your score is simply a snap shot of your current credit situation. While a higher balance on a card could potentially lower your score one month, with that balance lowered or paid off your score should recover when the new snap shot is taken. It might not recover exactly the same because other items on your report can affect your score too. It could recover to a higher score too. They do not look at past CC balances, only current.

 

What's the limit on the new card and how much is the purchase?

Starting Score: EQ 574 - 08.28.13
High Score: EQ 714 (10/18/13) EX 686 (1/6/14) TU 664 (1/6/14)
Current Score: EQ 686 - EX ____- TU ____