Credit Utilization

[Anonymous]

Just over 10 years ago I had 14 revolving account, of which 7 were credit cards.

today I have only two credit cards:

One is Citibank, purely for airmiles.  Never keep a balance, paying it about weekly.
Interest rate is 13.5 or so, but the annual is high

Other is at 8.9% and only use it for foreign transactions.  At 1% FT charge, its cheaper to use the card than exchange cash or withdraw it overseas.

On the score, my debt runs 22% and plan to just pay it off in the next month.  Shall see what difference it makes

Cheers

[marty56]

could make a bif differnce in your score.  Best score results from util is from 1% to 9%.  I lost ponts for 0% so I  try to let a small balance report.