topic Utilization Effect on Score in Understanding FICO® Scoring

Utilization Effect on Score

cdtotten — Wed, 04 Nov 2009 19:05:26 GMT

Just out of curiosity, I am curious what you all think. My current utilization percentage after some CLDs is 68%. My latest fico scores are:

TU - 670

EQ - 686

AAoA is 4.5 years.

If I can get my utilization below 10% in the next couple months, what kinda score range would you expect?

Re: Utilization Effect on Score

llecs — Wed, 04 Nov 2009 20:11:39 GMT

If you have a great mix of credit (at least 2 revolving CCs with a charge card (store, gas, etc.)), then I'd guess that both of your scores, with all things being equal, will hit very close to 730-760. Maybe a hair more on the sliding scale if all of your cards are carrying a balance or if any are maxed out.

Re: Utilization Effect on Score

cdtotten — Thu, 05 Nov 2009 15:32:11 GMT

Yes, I do have 2 revolving CCs (amex and chase) and 1 store card (kohls). Thanks for your input, I can't wait to get this stuff paid off.