How come I'm not surprised to see your utilization at 1% and not 9%?
Tuscani wrote:using your cards and keeping a 1-9% util is ideal.. from my reports:What’s helping your FICO scoreMessage Edited by Tuscani on 09-13-2007 11:38 AM
The positive factors listed here reflect areas of your credit behavior that are helping your FICO score. You should continue the good practices listed here. These factors are listed in order of their impact to your score – the first has the greatest positive impact and the last has the least.
You have no missed payments on your credit accounts.Number of your accounts with a missed payment 0 accountsAbout 93% of FICO High Achievers [?] have no missed payments at all. But of those who do, the missed payment happened nearly 4 years ago, on average.
You helped your FICO score by paying your bills on time. Staying current with your bills will continue to help your score.
You've limited the use of your available credit.Ratio of your revolving balances to your credit limits 1%For FICO High Achievers [?], this ratio is 7%, on average.
Your FICO score evaluates your total revolving account [?] balances in relation to your total credit limits on those accounts. Your FICO score was helped because you've kept this ratio of balances to credit limits low.
You've shown recent use of credit cards.
Your FICO score evaluates your mix of credit cards [?], installment loans and mortgages. People who demonstrate responsible use of different types of credit are generally less risky to lenders. You helped your FICO score by showing recent use of a credit card.
Tuscani wrote:I usually float between 1-9%. I have never noticed any real difference while in that range.