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High Credit Card Balances and Scoring

New Member

High Credit Card Balances and Scoring

Hello.I have 3 credit cards that I use and pay off each month.A couple times Ive had high balances on all 3 of these.I have a credit monitoring service and saw that my score drops alot when I have high balances but it comes right back the next month after I pay them off.Basically to the same score or higher than previously.My question is this,do these high balances effect my long term score?Are multiple high balances counted against you over a long period of time or is it only short term untill the balance of my cards is lowered?

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Super Contributor

Re: High Credit Card Balances and Scoring

Your FICO® score only cares about the utilization that is currently showing on your report. Previous balances aren't factored into your score.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
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