topic One point for a higher Balance?? in Rebuilding Your Credit

One point for a higher Balance??

bridgetkaryn — Wed, 04 Jun 2008 01:52:27 GMT

Okay, if things could not get more confusing, I had a balance increase (from $8 to $41 on my $600 credit limit CC) and I got a 1 point increase in my credit score.... what in the world is going on here??? I don't think I will ever get this whole credit thing! lol

I have been trying to keep my utl at 0% or under 5%, is keeping something on your CC better than having a 0 balance?

Thanks!

Re: One point for a higher Balance??

smallfry — Wed, 04 Jun 2008 01:54:29 GMT

Don't let more than half your cards report with any balances at all. The point increase could be due to other factors. Age that sort of thing.

Re: One point for a higher Balance??

fused — Wed, 04 Jun 2008 05:27:35 GMT

or a FICO hiccup, no need to fret