Utilitization?

[Anonymous]

Hi, I have read that util is to be 1-9% - but I thought I also read somewhere to get it under 30% is good also - I was thinking of moving my "maxed - out" credit card to a larger open line to have better util on that card.  Any input is appreciated.

Thanks - Lynn

[Anonymous]

It's like 30% UTL is the 2nd Alternative for as points. UTL between 1-9% is like the 1st Atl... and will get you the max points...where 50% UTL is the 3rd and last Alt...and over this it will start hurting you.

[Anonymous]

"Load balancing" will help. Even one CC with over 50% util tends to sting a lot. Better to have two CCs with 30% than one with 1% and another with 70%.

[Anonymous]

im new to this whole utl thing can someone explain this to me as i prepair to send out my check for my BOA secured cc

Message Edited by jenkins on 07-05-2007 04:25 PM

[Anonymous]

It's my understanding that it is 30% over all Util and to to keep individual accounts under 10%

[Anonymous]

im lost

[fused]

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jenkins wrote:

im lost

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My fingers are sore, try reading Tuscani's credit scoring thread.

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=2654

[Anonymous]

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fused111 wrote:

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jenkins wrote:

im lost

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My fingers are sore, try reading Tuscani's credit scoring thread.

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=2654

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thank you

[Anonymous]

so basically dont max out the card try to keep a good ratio of balance to creit limit

[Anonymous]

Say  you have one card with a $2000 and another with a $3000, making $5000 available credit

so idea is to keep the combine balances not any higher than $1500($5000*30%)

and keep the $2000 card under $200 and $300 for $3000 limit card