Barclays App question

[Breakthecycle2]

So I paid off all my credit card debt (stll have close to 16K on school loans but are in deferment because Im still taking classes). My current (as of today) TU utilization is 31% as it is not showing all my accounts paid and zero balance. I have 9 inquires (4 from cell phones). Would I still be able to get approved?

[vish1]

---

@Breakthecycle2 wrote:

So I paid off all my credit card debt (stll have close to 16K on school loans but are in deferment because Im still taking classes). My current (as of today) TU utilization is 31% as it is not showing all my accounts paid and zero balance. I have 9 inquires (4 from cell phones). Would I still be able to get approved?

---

Can you wait for like a month or so to let the ustil fall down so that you have a better chance of approval with better terms?

[Breakthecycle2]

---

@vish1 wrote:

---

@Breakthecycle2 wrote:

So I paid off all my credit card debt (stll have close to 16K on school loans but are in deferment because Im still taking classes). My current (as of today) TU utilization is 31% as it is not showing all my accounts paid and zero balance. I have 9 inquires (4 from cell phones). Would I still be able to get approved?

---

Can you wait for like a month or so to let the ustil fall down so that you have a better chance of approval with better terms?

---

Yeah I could and probably should.

[ibmrad7]

Yes wait until it all clears up on your report. Barclays are very generous with CL, so if you wait you will get a good CL(if not when applying , try the recon # posted here)

[Breakthecycle2]

Whats the optimal util. %?

[android01]

---

@Breakthecycle2 wrote:

Whats the optimal util. %?

---

Generally, less than 10% but above 0%.  I've found my scores are optimized at 1-3%.  YMMV.

EDITED to add: FICO looks at both overall utilization and individual TL utilization.  Your score would be optimal if BOTH were kept at <10%

[wmarat]

Barclay is unpredictable.