New Member
creditpete
Posts: 31
Registered: ‎09-26-2013
Utilization/Number of Revolving Accounts with Balances Question
[ Edited ]

HI

 

I have 12 open revolving account in good standing... 4 have a considerable balance (30-40% util).  The fifth account has a $1k limit but is only reporting a $3 balance.  Is it hurting me because its not reporting a zero balance (considering the other accounts with balances)

Moderator
09Lexie
Posts: 25,880
Registered: ‎09-13-2012
Re: Utilization/Number of Revolving Accounts with Balances Question
What's hurting you is the number of cards reporting balances and the util reported. If the 5th card reports zero, it will help but the reality is you still have 3 more reporting.

What is your total util? Are you trying to go for maximum FICO scoring?