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How would I figure that out. The one CC limit is 1,000 and the line of credit is 2,000. Thanks!
@Anonymous wrote:How would I figure that out. The one CC limit is 1,000 and the line of credit is 2,000. Thanks!
That would put your util at aroulnd 50%. If you were to pay it down below $200 that would give you the biggest boost on your score.
On which one the CC or line of credit? Thanks!
I think he misread your post. If you had a $1000 balance on a $2000 CL you would be at 50%. That isn't your case.
For optimum FICO scoring have all but one CC report a 0 balance and the other at 9% or below. YMMV so tinker around with the %.
You figure utilization on each card by dividing the balance by the CL. For an aggregate utilization, add all balances together divided by all CL added together.