@TilltedBrim wrote:
So let's say I have $6,000 available credit... And let's say that all available credit was based on the posession of four credit cards. Two of these cards have a limit of $1,500 each, the third has $2,000, and the last has $1,000. Let's say that the cards with the limits of $2,000 and $1,000 are usually maxed out but paid as agreed. That puts my utilization at 50% but is my score hurt because I have two cards that are maxed out even though my utilization is still 50%? Thanks in advance
FICO not only scores overall and individual account utilization but also the number of accounts reporting a balace each month. So you would be getting hurt 3 different ways:
1. Overall utillzation at 50%
2. 2 cards maxed out
3. All 4 cards reporting a balance at once.
From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".
