@Anonymous wrote:
@Anonymous Revike, my overall CC balance is $16100. The two CC that I inquired about are the only balances that I have. I have a Chase @ 7000.00, Cap. 1 $1100.00, Discover $5000.00 (2) HHBank $700.00 & $500.00 and JCP $1800.00. A month ago I didn't owe anything on any of the cards. I was well under 10%. The Chase and Discover are new cards that I recieved a couple of months ago.
So you basically went from 0% utilization last month to 8% utilization this month ($1,300 of $16,100 CL) - I guess that alone could account for the 7-point drop.
It's unclear (at least to me) whether FICO adjusts your score for every change in utilization, or only when your utilization crosses certain index points like 10%, 15%, 20%, 30%, etc.
