Good afternoon,
It's been awhile since I've been on here. I looking for the file/pic that shows where all your credit card balances should be for certain FICO scores. I use to have it on my phone but can't find it.
@Bogey1975 wrote:Good afternoon,
It's been awhile since I've been on here. I looking for the file/pic that shows where all your credit card balances should be for certain FICO scores. I use to have it on my phone but can't find it.
@FireMedic1 posted one not to long ago. I cant seem to find it either.
Ive been keeping a doc of all the helpful tidbits Ive been learning here
Siggy updated Feb 16 2023
@Bogey1975 wrote:Good afternoon,
It's been awhile since I've been on here. I looking for the file/pic that shows where all your credit card balances should be for certain FICO scores. I use to have it on my phone but can't find it.
There is no such thing. I know that people post things purporting to show what utilization is needed for what scores, but they are not based on evidence. We know for certain that, all other things being equal, (a) the higher your aggregate revolving utilization, the lower your scores will be, (b) individual account utilization below 50% and below 30% are important thresholds, (c) in general the more zero balances you have reporting the better, subject to the exception that (d) having all revolving accounts reporting zero balances causes a penalty.
Beyond that there is little we know with any kind of precision.
