@credit8502020 wrote:
@SouthJamaica wrote:
@credit8502020 wrote:Hi All!
I have a closed credit card with a balance that I am paying off.I recall hearing mention of different thresholds that will impact your scores the most.Can someone share with me the different thresholds for credit card utilization? I don't recall where I read it exactly.Ex. 30%, 10%, less than 9%, etc.30% is a major threshold in individual account utilization. Best to be at 28% or less. Since it's a closed account, pay it off as fast as you can.
@SouthJamaica Thank you! Is there a reason you’re mentioning 28% instead of 29%...since it’s still under 30%? Is it because of rounding up?
Exactly.
