cancel
Showing results for 
Search instead for 
Did you mean: 

Are auto scores sensitive to credit card utilization? Thanks!

DuxMom
New Visitor

Are auto scores sensitive to credit card utilization? Thanks!

I have a 6 year old negative item and low auto scores

I have several revolving accounts, average age about 3 years with perfect payment history but high balances. If I reduce my revolving utilization will that raise my auto scroes at all?

 

Thanks Very Much!

Message 1 of 3
2 REPLIES 2
incognitony
Regular Contributor

Re: Are auto scores sensitive to credit card utilization? Thanks!

Lower utilization impoved auto scores to some degree in my experience. Also some lenders still use regular scores. If you can lower the balances before attempting a purchase it should improve your odds of a favorable result.

Message 2 of 3
dragontears
Valued Contributor

Re: Are auto scores sensitive to credit card utilization? Thanks!

To the best of my knowledge, ALL scoring models are sensitive to credit card utilization. 

Scores hover around 800
Haven't been AZEO in over a year
Rome was not built in a day, neither is a good credit profile
Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.