@Anonymous. I would recommend reading the below from ABCD2199
The Truth about Credit Card Utilization
My 11 Rules to Credit Rebuilding
FICO Score: What to pay down first?
@Anonymous wrote:This is great advice!
Do you advise crossing each threshold separately? Currently, I am at 71% utilization (I know, horrible) -- should I cross each threshold monthly until I reach the 8% threshold for best points optimization? I have the resources to bring down to 0%, but I know this is a game being played, and I would like to get as many points as I can get within whatever timeframe it takes.
Thank you in advance!
No, pay it down to AZEO immediately, namely leave $5 or similar on a national bankcard with a limit of 25K or less.
Safe and optimal, and there's no need to stretch it out which costs you both interest and delays getting to the best credit spot for your mortgage anyway. Utilization has no memory.
