From what I understand, utilization is the difference of available credit vs. balance.
Case A: 1 CC. 300CL, 10% utilization
Case B: 2 CC. CC1 300CL, 10% utilization and CC2 1000CL, 10% utilization
Will I have higher FICO in Case B? In other words, does the amount of actual AVAILABLE credit affect the scores on top of % of utilization?
The amount of available credit is not scored; only the percentage of the CL's used each month. FICO scores both overall and individual account utilization plus the number of accounts reporting a balance.
From a BK years ago to: EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".