New Contributor
I_SUFFER_FROM_FICO_ENVY
Posts: 74
Registered: ‎04-03-2012
THEORY or VOO-DOO MAGIC (UTI Optimum)....

Here's my "theory":

 

We know FICO smiles when UTI <9%; and all cards report ZERO balance but one.  But, "WHICH" card?

 

I "theorize" that the card to report a balance of 9% should be the card with the highest CL.

 

My experiment is as follows:

 

Discover has the largest CL for me at $14,300.  I carry FIVE total cards with a maximum credit of $26,300.

 

To MAXIMIZE fico I am going to place 9% of the allotted credit of my Discover maximum (or, $1,287.00); hence, my TOTAL Utilization will be 5%.

 

I hypothesize that this formula will produce the MAXIMUM fico score.  One card reporting a balalance of 9% (less than 10% of that cards limit); no other cards reporting a balance; and, TOTAL uti then at 5%.

 

Well, am I a FICO Eiinstein or have I become a voodoo numerologist????????