What is a more important factor?

[Anonymous]

Who would be in a better position to be accepted for a loan/credit card/ ect....

A person with a cred score of 700 with a utilization of over 90%

or..

A person with a cred score of 650 with a utilization of under 20%

I am in the first category and see people with much lower credit scores than me get accepted for things i have been denied.

Any feedback would be great!

thanks guys

[haulingthescoreup]

I think you might have answered your own question with your observation.

It's pretty scary to lenders to have an application from someone who is already maxed out on existing CC's. (90% util is considered maxed out.) It raises several questions in their minds --Why has someone charged so much on other cards? Why haven't they paid it down/ off? How fast will they run up the balance on the new card? Will they have enough money to pay back what they borrow on the new card?

I'm guessing that you have otherwise excellent credit (no negatives, reasonable length of history) if you have a 700 with 90% util. That's a horrendously high figure, I'm afraid.

edit: cna't splel