topic FYI: Credit Card Utilization and FICO score in Understanding FICO® Scoring

FYI: Credit Card Utilization and FICO score

dodfire — Wed, 27 Mar 2013 15:04:28 GMT

Just wanted to put this out there for general information;

I have been playing around with percentages of UTL, I went from 3% to 7% and FICO dropped 3 points.

Re: FYI: Credit Card Utilization and FICO score

0x47 — Wed, 27 Mar 2013 16:10:07 GMT

Did you have a hard pull show up on your report? 3pts sounds more like a pull than a slight bump in utilization.

Re: FYI: Credit Card Utilization and FICO score

dodfire — Wed, 27 Mar 2013 16:15:51 GMT

No....no inquiries. Just the increase of UTL.

Re: FYI: Credit Card Utilization and FICO score

Anonymous — Wed, 27 Mar 2013 16:54:20 GMT

Your utilization is a YMMV. Some get the highest score at 1% where others get it at 9%.

Re: FYI: Credit Card Utilization and FICO score

dodfire — Wed, 27 Mar 2013 16:55:47 GMT

I agree....I am going to try 1% next month.

Re: FYI: Credit Card Utilization and FICO score

Anonymous — Wed, 27 Mar 2013 18:45:41 GMT

right now, a single card @ 4.75% utilization(and a ~0.89% overall utilization), gives me a lower score than absolutely no balances reporting on anything by 8 points.