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App Spree & Utilization

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CreditJunkie917
Frequent Contributor

App Spree & Utilization

So I went on a huge app spree back in December/January where I opened 8 new accts and a LOC. I increased my overall CL to $70K from $15K. My overall UTI was cut from 60% to 22%. I haven't seen my score drop, as I know that usually happens when you open new accts. Could this be due to the increase in CL and lowered UTI??

Amex PRG(NPSL), Amex BCE($5K), Amex Hilton($1K), NavCheck ($15K), NFCU CR Siggy($20K), USAA Amex($7K), USAA World MC($7K), CSP($2.3K), Chase Marriott($1.8K), Care Credit($2.5K), Cap1 QS($3.5K), VS($500), Cap1 Secure($200) Starting Scores(Jan 2013): FICO EQ: 643, TU: 552, EX: 567 Current Scores(Sept. 2016): FICO EQ: 672, TU: 703(?), EX: 682 In the Garden FOR-EV-ER!!!!! Cards and goals achieved! Let's grow and mature these babies!!!
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1 REPLY 1
Anonymous
Not applicable

Re: App Spree & Utilization

An app spree produces short-term negatives such as hard pulls, new TLs, lowered AAoA, and so on.

 

It may produce positives like lowered utilization.

 

It's possible that lowered utilization will more than offset the negatives.

 

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