topic Re: 0 util bad for Fico? in Understanding FICO® Scoring

0 util bad for Fico?

Cageym — Fri, 03 Aug 2012 22:45:59 GMT

I was reading some other posts and a few people have said having a 0 util as opposed to say under 10% util is worse for your Fico score. So I can expect my score to drop since I paid off my card?

Re: 0 util bad for Fico?

MarineVietVet — Fri, 03 Aug 2012 22:51:58 GMT

@Cageym wrote:
I was reading some other posts and a few people have said having a 0 util as opposed to say under 10% util is worse for your Fico score. So I can expect my score to drop since I paid off my card?

0% utilization seems to hurt most folks scores because FICO ilkes to see usage of accounts. You may or may not be impacted by this. What you can do is see what happens to your score when this zero balance reports and then next month let a small amount report on your statement (as little as $1 will do) and see if your scores go back up.

Re: 0 util bad for Fico?

Cageym — Fri, 03 Aug 2012 22:59:37 GMT

Thanks. I just 0 util'd it so it won't kill me to buy something on it before the 26th of this month when they generate statements.