topic Re: CC Util % below 30%! in Understanding FICO® Scoring

CC Util % below 30%!

pi-r-squared — Sun, 16 Oct 2022 15:18:42 GMT

In my credit score tracking life, ever since passing 30%, I have never been below 30%. However, when all my CCs report, my overall util will be 29.03%. One catch is that not all cards will be under 30%. With my EQ, TU, and EX scores all in the 700s, will this new aggregate % change the scores or is it already baked in?

Re: CC Util % below 30%!

SouthJamaica — Sun, 16 Oct 2022 21:52:47 GMT

@pi-r-squared wrote:
In my credit score tracking life, ever since passing 30%, I have never been below 30%. However, when all my CCs report, my overall util will be 29.03%. One catch is that not all cards will be under 30%. With my EQ, TU, and EX scores all in the 700s, will this new aggregate % change the scores or is it already baked in?

It wiil probably increase your scores modestly.

Re: CC Util % below 30%!

Mdowning30 — Thu, 20 Oct 2022 11:54:47 GMT

The threshold is actually >29%, so 28% and lower.

Re: CC Util % below 30%!

Revelate — Fri, 21 Oct 2022 02:49:42 GMT

Yeah the utilization metrics all seem to round up in the data.

Soon though OP, congrats on making progress on your utilization!