topic Re: question in Credit Cards

question

Anonymous — Sun, 08 Mar 2015 01:37:38 GMT

I know utilization should be 1-10% on one card for maximum scoring. But what if i have 3 cards all reporting a balance of less than $1? Has anyone tested this to see the results of score fluctuation?

Re: question

Jarnog — Sun, 08 Mar 2015 02:03:58 GMT

I have not tested it, but asked a similar question under General Credit topics.

From what I gather, information from more experienced people on this forum, FICO does not like a lot of cards showing balances. Even if you are within that "magical" 1-9%. This is why everyone always says pay all to 0 and let 1 card report a balance.

You can read more at my post

http://ficoforums.myfico.com/t5/General-Credit-Topics/Utilization/td-p/3844801

Hope that link works LOL

Re: question

Anonymous — Sun, 08 Mar 2015 02:22:46 GMT

@Jarnog wrote:
I have not tested it, but asked a similar question under General Credit topics.

From what I gather, information from more experienced people on this forum, FICO does not like a lot of cards showing balances. Even if you are within that "magical" 1-9%. This is why everyone always says pay all to 0 and let 1 card report a balance.

You can read more at my post
http://ficoforums.myfico.com/t5/General-Credit-Topics/Utilization/td-p/3844801

Hope that link works LOL

it works. thank you!