Re: Does more credit necessarily equal higher scores?
Just wanting to understand but isn't utilization not that important unless you are trying to obtain a loan? I tend to not care about mine as I pay in full each month, sure my score drops but it goes right back up once I pay them down. It flucutates all the time. I figure when it comes time to buy a house I will focus on that more.
If you PIF every month, your reported utilization is likely a non-factor. I agree that there's no reason to worry about it and/or maximize it until about a month before you are looking to take on a loan.
But it is a factor at least for me. I rack it up then PIF but if it's up to 30% or more of my credit line that gets reported each month. I don't pay it down before the statement cuts (that is my fault though)