@CreditTara16 wrote:
Hello, all. My current overall UTIL is 9% but I have one card at 98% util. Is that one maxed out card effecting my score? If I were to pay it down to zero would I see a score increse. Comments greatly appreciated.
Aggregate utilization is more important than individual card utilization, but individual utilization still matters.
When you say you're at 9%, do you mean exactly 9%? Because, if you're at 9.something% you are actually slightly above the best possible threshold, so paying down your aggregate utilization another percentage point could increase your score further. Yes, that one maxed out tradeline will adversely impact your score and you could very well see a decent point gain by paying it down. How many total cards do you have? Your best bet if you have one card maxed out is to have all others paid off and reporting $0, then taking that maxed out line downward across thresholds (49%, 29%, 9%); you're first goal should be to get to 49% or less utilization on that line of credit IMO.
