This might be a silly question, since lower is naturally better. But I was wondering if there are any utilization percentages at which you see a noticeable score change.
I've often heard that staying under 10% is ideal, so you could argue that 1-9% is the top tier. After that, 10-???
And so on. I've also heard a 30% figure, so maybe that's another cut-off?
I also think 0% on all open accounts might also be a tier.
I always thought 1% would be better than 0 (as far as credit scores/reports are concerned) because you're still submitting payments and continually improving your payment history. Paying off everything wouldn't show that you're "managing your credit" as well as someone paying a little every month, right?
I also think 0% on all open accounts might also be a tier.
I always thought 1% would be better than 0 (as far as credit scores/reports are concerned) because you're still submitting payments and continually improving your payment history. Paying off everything wouldn't show that you're "managing your credit" as well as someone paying a little every month, right?
This is bucket-related, but for the vast majority of people 1% is better than 0%. For those with very, very long credit histories, there is usually no difference.
