Welcome. I respectfully disagree.
Actually if that’s your only AU account, you will actually realize a score increase because you’re receiving the “no revolving AU penalty” for it being at zero. (When all AU accounts are at zero, there is a no revolving AU balance penalty.) This is if the account actually counts and is not filtered out by the anti-abuse algorithm for versions eight and nine.
And individual revolving utilization thresholds are believed to begin at 28.9% so you shouldn’t cross a threshold and you should not receive any decrease, unless you cross a threshold by increasing the number of accounts with a balance.
One last thing, there may be a couple point loss just for the raw dollar amount, but I doubt that since you already have other balances elsewhere. So the result will be the combination of the above.
Actually if that’s your only AU account, you will actually realize a score increase because you’re receiving the “no revolving AU penalty” for it being at zero. (When all AU accounts are at zero, there is a no revolving AU balance penalty.) This is if the account actually counts and is not filtered out by the anti-abuse algorithm for versions eight and nine.
And individual revolving utilization thresholds are believed to begin at 28.9% so you shouldn’t cross a threshold and you should not receive any decrease, unless you cross a threshold by increasing the number of accounts with a balance.
One last thing, there may be a couple point loss just for the raw dollar amount, but I doubt that since you already have other balances elsewhere. So the result will be the combination of the above.
@mobilekidz wrote:Hello
I am an authorized user on my mothers credit card. Her credit limit is $4400 and a 0 balance. I was wondering how will it affect my credit score if I have a balance of $1000 on it. Currently my credit utilization is around 3%
I do not think it will affect your score to report a $1000 balance on that card.
