topic AZEO UTI% in Rebuilding Your Credit

AZEO UTI%

Kinglord — Tue, 09 Jun 2020 05:01:22 GMT

In the AZEO method, does it matter if the card carrying a balance is above 30% if the amount is less than 30% across all avaialble credit?

Re: AZEO UTI%

AllZero — Tue, 09 Jun 2020 05:07:48 GMT

@Kinglord wrote:
In the AZEO method, does it matter if the card carrying a balance is above 30% if the amount is less than 30% across all avaialble credit?

Yes, it does matter if you're trying to squeeze out every available point.

If not credit seeking, no it does not matter.

Recommended is individual 29% or under, aggregate 9% or under.

Re: AZEO UTI%

Kinglord — Tue, 09 Jun 2020 05:13:13 GMT

@AllZero wrote:
@Kinglord wrote:
In the AZEO method, does it matter if the card carrying a balance is above 30% if the amount is less than 30% across all avaialble credit?
Yes, it does matter if you're trying to squeeze out every available point.

If not credit seeking, no it does not matter.

Recommended is individual 29% or under, aggregate 9% or under.

I transfered the last $4K of my CC debt to a 0% APR Balance Transfer card. Puts my total UTI at 8% but it will be 58% of that particular card. Think it will still help my score?

Re: AZEO UTI%

AllZero — Tue, 09 Jun 2020 05:19:36 GMT

@Kinglord wrote:
@AllZero wrote:
@Kinglord wrote:
In the AZEO method, does it matter if the card carrying a balance is above 30% if the amount is less than 30% across all avaialble credit?
Yes, it does matter if you're trying to squeeze out every available point.

If not credit seeking, no it does not matter.

Recommended is individual 29% or under, aggregate 9% or under.
I transfered the last $4K of my CC debt to a 0% APR Balance Transfer card. Puts my total UTI at 8% but it will be 58% of that particular card. Think it will still help my score?

I think it will help your pocket book. Finances over FICO as the saying goes. That is more important, I think. Your scores will recover as utilization is reduced.