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utilization question

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creditchild
Regular Contributor

utilization question

i have a $500(cl)capital one  my balance is $132, how much of that should i pay

to have utilazation where it should be?  i was thinking paying like $65 of it

which would leave a balance of $67 is that ok?

Message 1 of 5
4 REPLIES 4
MarineVietVet
Moderator Emeritus

Re: utilization question

 


@creditchild wrote:

i have a $500(cl)capital one  my balance is $132, how much of that should i pay

to have utilazation where it should be?  i was thinking paying like $65 of it

which would leave a balance of $67 is that ok?


 

If you want the utilization to be at the recommended level of 9% or less then don't have a reported balance of more than $45. A balance of $67 would make utilization 14%.

 

Your current balance of $132 makes the utilization 26%.

 

 

 

From a BK years ago to:
EX - 9/09 pulled by lender 802
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You can do the same thing with hard work

Message 2 of 5
creditchild
Regular Contributor

Re: utilization question

thank marine vet!

Message 3 of 5
MarineVietVet
Moderator Emeritus

Re: utilization question

You are very welcome.

Message 4 of 5
Anonymous
Not applicable

Re: utilization question

I would say in general, try to keep it as absolutely low as possible

Message 5 of 5
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