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During rebuilding, to obtain the optimum FICO score, have all but one CC report a 0 balance, the other one at 9% or less. Then pay in full before the due date to avoid interest charges. YMMV with the % reported as your entire credit profile is used for scoring.
This method is also used by those not rebuilding.
FICO does not like to see all cards with a balance nor do they like to see all cards reporting 0.
@guiness56 wrote:During rebuilding, to obtain the optimum FICO score, have all but one CC report a 0 balance, the other one at 9% or less. Then pay in full before the due date to avoid interest charges. YMMV with the % reported as your entire credit profile is used for scoring.
This method is also used by those not rebuilding.
FICO does not like to see all cards with a balance nor do they like to see all cards reporting 0.
+1