Utilization question

[Fancyron]

I have been in the process of paying down my revolving credit.  I have definitely been encouraged by seeing 50 point avg increase in FICO scores from EQ, EXP, and TU over the last 6 months.

As I continue to pay down revolving balances, my question is:  should I focus on getting my UTI% under 30% on each card, or should I focus more on getting my total UTI% under 30%.  I have one card (with a lower limit) with a high UTI, and the other 2 are under 40% (with higher limits and balances).  I just want to know what should be my best approach to increase my scores quicker. 

[Tuscani]

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Fancyron wrote:

I have been in the process of paying down my revolving credit.  I have definitely been encouraged by seeing 50 point avg increase in FICO scores from EQ, EXP, and TU over the last 6 months.

As I continue to pay down revolving balances, my question is:  should I focus on getting my UTI% under 30% on each card, or should I focus more on getting my total UTI% under 30%.  I have one card (with a lower limit) with a high UTI, and the other 2 are under 40% (with higher limits and balances).  I just want to know what should be my best approach to increase my scores quicker. 

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You should focus on both as an individual card util and overall util is a factor in scoring. Try and concentrate are the higher interest cards first.

[Fancyron]

Thanks for responding.  Say if all 3 interest rates are the same, should I focus equally on individual UTI vs. total UTI?

[Tuscani]

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Fancyron wrote:

Thanks for responding.  Say if all 3 interest rates are the same, should I focus equally on individual UTI vs. total UTI?

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Personally, I would do individual. You will feel like you are making more progress as you get individual cards paid down or off.