High CL Business card that shows on personal CR Pos or Neg?

GregB — Tue, 04 Sep 2007 17:13:34 GMT

I have company credit cards that show on my personal CR. This dates way back to when my company was a Sole Proprietorship. I always thought that my FICO was low since my utilization on these cards was high. Even though I usually PIF, one of the cards normal monthly charges was $10k-15k per month, meaning that by the time the online transfer hit on the due date the bal would typically be $20k-30k against a $45k limit. I got a new Advanta card in the name of the LLC that does not appear on my CR but it only has a $15k limit so it is difficult to use it for everything. I finally have the $45k limit card PIF and am not using it. My FICO actually dropped a couple points since last month when I had a couple thousand still on that card.

Is it possible that having a ZERO bal on that actually lowers my FICO? Is it possible that having a 5-8% Util on it is actually better than zero?

I have another company card that shows on my CR that is normally at 5-15% util. Is it likely to help or hurt my score if I replace that with a business card that does not show on my CR?

Re: High CL Business card that shows on personal CR Pos or Neg?

Anonymous — Wed, 05 Sep 2007 00:14:41 GMT

Any card that shoes on your personal report affects your FICO. If it resuls in high utilization, you personally take the hit. Low utilizaton results in a score boost.

HTH

topic High CL Business card that shows on personal CR Pos or Neg? in Credit Cards

High CL Business card that shows on personal CR Pos or Neg?

Re: High CL Business card that shows on personal CR Pos or Neg?