Utilization Sweet Spot

[wfreeman3]

I just wanted to share the results of a little excercise I just went through.  I used the Privacy Guard simulator to see "what if" I kept my utilization at different levels.  I used 4 CC and 2 Revolv for the test.  The best results were when I kept utilization at 1%.  Has anyone else done any tests like this?

[Anonymous]

haven't tried it...what kind of score jumps did it simulate?

[wfreeman3]

Best jump was 28 points from 620

[Anonymous]

going from what utilizations gave u the 28?  just curious

[wfreeman3]

2 are at 30%, the other 4 are at 0%

[Anonymous]

well that's good news..i got one darn near maxed at 90%...i'll take it to 2% in a month...can you run that for me..

[pdxuser]

Yay... with the secured card I plan to start out with, I'll be able to get a monthly super value meal . (I know, I can spend more and pay down to 1%.)

Speaking of spending more and paying down to 1%, the highest historical balance on a card is in a credit report, even if that high balance occured between statements and not at the close. Can your magic doohickey figure out what the best high historical utilization should be?

[fused]

For me this is what seems to work.

7 revolving cards

1 charge card (AmEx)

1 open unsecured installment loan

- Keep balances on only 3 of the revolving cards between 1-9% util, the other 4 with $0 balances

- EX and EQ will not factor Amex charge cards in revolving util, but the dinosaur TU still does

- I never worry about the installment balance; it's about NEVER paying late

[Anonymous]

Mortgage -

Installment loan- (over 50% paid off)

3 of my 11 CC's with a balance under 10% (I have Kay at 25% right now at 0%)

1 Amex Charge card

2 SL's (not helping)

my HELOC is ingored-

So-

Less than 50% of open TL's with a balance 

Overall and INV Utl under 10%

My UTL is 4%

It was Junny, WAMU and Kay's turn this month-

Junny goes back to the sock drawer-

I need to give CAPONE some love- they really hate being paid off-

Having Kay at 25% costs me about 5-10 Points-

Message Edited by Timothy on 02-21-2008 06:38 AM

[rbrown973]

hey how are you??? I would like to try the Privacy Guard simulator but i don't know where to find it at... can you help lead me to it please...

Thanks