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Which would have the best impact on credit score?

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Anonymous
Not applicable

Which would have the best impact on credit score?

I have several cards above 30% utilization:

31%

33%

36.4%

40.9%

46.1%

56.2%

77.1%

 

This week, I can either pay down the 77.1% card to 29% or pay the other 6 cards all to 29%.  Which would have the bigger impact on score?

Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: Which would have the best impact on credit score?

I would say taking 6 cards down to 28.9% or lower will be the best. I'm sure others will chime in. 

Message 2 of 3
M_Smart007
Legendary Contributor

Re: Which would have the best impact on credit score?


@Anonymous wrote:

I have several cards above 30% utilization:

31%

33%

36.4%

40.9%

46.1%

56.2%

77.1%

 

This week, I can either pay down the 77.1% card to 29% or pay the other 6 cards all to 29%.  Which would have the bigger impact on score?


This may help you?

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Utilization-Intervals-Brackets-etc/m-p/5482837#M150342

 

Message 3 of 3
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