topic Re: Credit Line and Credit Utilization question in Understanding FICO® Scoring

Credit Line and Credit Utilization question

Anonymous — Wed, 29 Apr 2015 05:02:58 GMT

How much does the amount of credit factor into your score if youre utilization remains around 10% or below? For example, is there a score benefit from using $1,000 out of a $10,000 total credit versus using $100 out of a $1,000 total credit?

Re: Credit Line and Credit Utilization question

lg8302ch — Wed, 29 Apr 2015 05:25:46 GMT

@Anonymous wrote:
How much does the amount of credit factor into your score if youre utilization remains around 10% or below? For example, is there a score benefit from using $1,000 out of a $10,000 total credit versus using $100 out of a $1,000 total credit?

Welcome to myFico forum

While it will be a lot harder with lower CLs but this should not make any difference and both should have the same oportunity to reach a certain score.

https://www.myfico.com/Downloads/Files/myFICO_UYFS_Booklet.pdf (on page 12)

Re: Credit Line and Credit Utilization question

Anonymous — Tue, 05 May 2015 03:01:50 GMT

@lg8302ch wrote:
@Anonymous wrote:
How much does the amount of credit factor into your score if youre utilization remains around 10% or below? For example, is there a score benefit from using $1,000 out of a $10,000 total credit versus using $100 out of a $1,000 total credit?
Welcome to myFico forum

While it will be a lot harder with lower CLs but this should not make any difference and both should have the same oportunity to reach a certain score.

https://www.myfico.com/Downloads/Files/myFICO_UYFS_Booklet.pdf (on page 12)

/ thread jack

how did you do your signature like that? i like it. i wanna do that! lol

/ thread jack over..