topic Re: Individual Utilization VS Aggregate in Understanding FICO® Scoring

Individual Utilization VS Aggregate

Mdowning30 — Fri, 13 May 2022 13:53:30 GMT

My total utilization was 27%, i paid down my CFU leaving 2%, but my Cap1 is due next week and has over 50% utilization on it. I could transfer the balance to the CFU ? I will pay down on it i just cant PIF by the time the statement cuts by the 20th. Unless my new total credit limit is reported by the end of this month that will automatically lower it down.

Re: Individual Utilization VS Aggregate

SouthJamaica — Fri, 13 May 2022 18:19:59 GMT

@Mdowning30 wrote:
My total utilization was 27%, i paid down my CFU leaving 2%, but my Cap1 is due next week and has over 50% utilization on it. I could transfer the balance to the CFU ? I will pay down on it i just cant PIF by the time the statement cuts by the 20th. Unless my new total credit limit is reported by the end of this month that will automatically lower it down.

If you can get both accounts reporting at 28% or less that will help your scores a little, but it's not worth it to incur a balance transfer fee.

Re: Individual Utilization VS Aggregate

Shooting-For-800 — Fri, 13 May 2022 18:25:40 GMT

9, 29, 49, 69, 89

I would just get the card under 49% asap and not worry about transfers.

Just start pushing payments towards it as you can.

Time will balance everything out.

Re: Individual Utilization VS Aggregate

Mdowning30 — Mon, 16 May 2022 12:57:28 GMT

I could get the Cap1 down under 29%.

Re: Individual Utilization VS Aggregate

coldfusion — Mon, 16 May 2022 15:14:59 GMT

@Mdowning30 wrote:
I could get the Cap1 down under 29%.

That would likely help, but keep in mind that the impact on scoring due to utilization is transient - if you don't get down to that 29% number this month your scores may take a hit but if you make it next month your scores will recover.