@s_haliz wrote:NRB525...
Here are my answers:1) What is your total outstanding balance, and overall utilization percentage?
2) How many cards report balances?
Answer 1 & 2: I had just one card that had reported balance......$1; Overall utilization comes of 1% (much lesser than 1% but they do round up to nearest full %) I had utilized about 2.5% during the month (of my $180K available limit) but paid them off before statement got cut.3) Have you called or SM AMEX about getting your APR reduced on the BCP?
Answer 3: I am planning to call around December since I am still under 0% promotional scheme.4) Have you closed other cards? 3 cards are new as of 2014?
Answer 4: I had not closed any cards during last 4 years. During 2014, I had actually 4 new cards (AMEX is also new but since I used to have AMEX around mid 1980s, I was able to have MSD)
This aligns with what my idea of 850 means: Virtually (or here absolutely) no borrowing. That's fine, the 850 represents a virtual zero chance of defaulting on the open borrowings, which is what FICO is measuring.
Thanks for the info!
Congratulations to the OP!
My Equifax score just hit 833. And yeah, I was pretty excited!
