New Contributor
Posts: 85
Registered: ‎02-28-2013
Re: High Balance vs Utilization and impact on scoring

Thanks again. 


Yeah, I totally get the initial balance dropping my score.  When I look back at all my reports, I can see the "high balance" for all past balances.  Like if i had charged $500, hypothetically, to a cc in December, but paid it off and only charged and paid in full a regular amount like $25/month, it would show my balance as $25, but my "high balance" or "highest balance" (something like that) would still show that old $500.  So long as that old, hypothetical,, $500 isn't dragging me down months after I pay the balance in full, I'm happy.  Smiley Happy

Thanks again, James.  Smiley Happy

Starting Score: TU 641 2/28/13 EQ 640 3/1/13
Current Score: TU706 EQ???
Goal Score: 750 750