So I have read the stickies, searched and read older threads and had some Q's.
Currently I have 3 accounts.
1) Sallie Mae loan(never late, owe 17k)
2) Credit card 7200 with 2162 balance
3) Credit card 250 with 75 balance.
Now does Sallie Mae count towards util?
I read that here that the experts say keep your util @ 1-9% for good scoring, is this true?
This month I am paying 500 to 1200 for 2162 balance and 50 towards 75 blance.
I noticed that current Util is 30%!!! After payments this month the Util will be between 22-15(depending how much I pay).
Does Util work on a tier system? If so what are the tiers, so I know if I should pay only 500 or dump 1200 on my credit card.
Thanks!
Message Edited by Sushi on
05-16-2008 01:13 PM