https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Questions-about-utilization/m-p/4222382#M98992 <P>Good Morning MyFicoers!</P><P>&nbsp;</P><P>My utilization has currently reached close to 40% total for all of my cards. In actuality I have two cards that own most of that utilization. I get my student loans in 12 days. ALL of it is entirely meant to be used to pay down my credit cards. After having played around on MyFico's simulator I noticed something. According to MyFico if I pay down my credit cards tomorrow I will NOT get as may pooints if I were to pay it slowly over the next 24 months.</P><P>Is this true? The slower I pay down my debt, the more points there are to be had?</P><P>&nbsp;</P><P>What is your reccomendation in regards to paying down my debt to 1 % utilization?</P><P>&nbsp;</P><P>Thank you all in adavnce!</P> Tue, 08 Sep 2015 13:55:06 GMT Anonymous 2015-09-08T13:55:06Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Questions-about-utilization/m-p/4222382#M98992 <P>Good Morning MyFicoers!</P><P>&nbsp;</P><P>My utilization has currently reached close to 40% total for all of my cards. In actuality I have two cards that own most of that utilization. I get my student loans in 12 days. ALL of it is entirely meant to be used to pay down my credit cards. After having played around on MyFico's simulator I noticed something. According to MyFico if I pay down my credit cards tomorrow I will NOT get as may pooints if I were to pay it slowly over the next 24 months.</P><P>Is this true? The slower I pay down my debt, the more points there are to be had?</P><P>&nbsp;</P><P>What is your reccomendation in regards to paying down my debt to 1 % utilization?</P><P>&nbsp;</P><P>Thank you all in adavnce!</P> Tue, 08 Sep 2015 13:55:06 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Questions-about-utilization/m-p/4222382#M98992 Anonymous 2015-09-08T13:55:06Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Questions-about-utilization/m-p/4222577#M98996 <P>FICO does not remember payment history other than if you had lates. &nbsp;That calculator for the 24 month scenario was probably factoring increased account age also which would be realized eventually for both scenarios. &nbsp;Pay it down with the student loan. &nbsp;But do not run up credit card debt again. &nbsp;Sock drawer them until you learn to treat them like cash. &nbsp;IMO it's only acceptable to carry a balance on a credit card if its an emergency or for something that helps you make money.</P> Tue, 08 Sep 2015 16:04:32 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Questions-about-utilization/m-p/4222577#M98996 Anonymous 2015-09-08T16:04:32Z