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Utilization percentage points where I can expect score increase

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Regular Contributor

Utilization percentage points where I can expect score increase

I know I have seen this on here numerous times but now that I really need it, I can't seem to find it. 
What are the utilization percentage thresholds where the score will change and by how many points. I feel like there is a better way to ask this question but that's the only way I can think of to word it. 

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Super Contributor

Re: Utilization percentage points where I can expect score increase

Message 2 of 9
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Regular Contributor

Re: Utilization percentage points where I can expect score increase

I beleive the Thresholds are:

 

8.9%  28.9% 48.9%  88.9%

 

getting under 88.9% is the biggest bump from what ive read hear.  showing over 88.9% is considered "maxed out"

 

getting under 8.9% for individual cards and under 28.9% aggreigate seems to be the next biggest.

 

the post above has links that go into more depth with more accurate info

 

 



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Super Contributor

Re: Utilization percentage points where I can expect score increase

You got them reversed, actually it’s equal to or under 9% aggregate and equal to or under 29% individual.

So, equal to or under 9% 29% 49% 69% 89% 100%. @CassieCard recently discovered that it is equal to or below the whole number. The .9 afterwards has been eliminated.
-Our Community’s updated scoring wisdom: Link to Scoring Primer.
-For Negative Reason Codes see: CassieCard’s Score Factors thread.
-ccquest’s workbook to calculate metrics for you: Link to Workbook.

Oct 2020 New Account Scorecard.Nov 2020, No New Account Scorecard (reassignment conflated with aging. EX9 not updated yet. Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.


RIP:
(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 4 of 9
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Frequent Contributor

Re: Utilization percentage points where I can expect score increase

What about installment threshholds, I know less is known but someone here has to know what those breakpoints are



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Super Contributor

Re: Utilization percentage points where I can expect score increase


@Chandler455 wrote:

What about installment threshholds, I know less is known but someone here has to know what those breakpoints are


Posted by @Revelate  Installment tradeline utilization thread 

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Moderator Emeritus

Re: Utilization percentage points where I can expect score increase


@Chandler455 wrote:

What about installment threshholds, I know less is known but someone here has to know what those breakpoints are


There's a small one at what might actually be 66% and another at under 10% (might be 9% I guess someone has to retest this like Cassie did for revolving utilization).   1/3 vs. 2/3 of the total points respectively.

 

Unless the money is trivial it's generally not worth playing reindeer games with one's installment loans for FICO scoring purposes.  One thing on a $500 share secured loan, it's entirely different when you're staring at a $200,000 mortgage loan on your report.




        
Message 7 of 9
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Regular Contributor

Re: Utilization percentage points where I can expect score increase

Ok thank you all for the information!

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Super Contributor

Re: Utilization percentage points where I can expect score increase


@Gg28 wrote:

I know I have seen this on here numerous times but now that I really need it, I can't seem to find it. 
What are the utilization percentage thresholds where the score will change and by how many points. I feel like there is a better way to ask this question but that's the only way I can think of to word it. 


1. Individual account revolving utilization
Utilization is based on reported balance, which in most but not all accounts is statement balance. The most important breakpoint is 30%. 30% or higher causes significant point loss. Optimum to keep at 28% or less to avoid rounding up.

 

2. Aggregate revolving utilization
Utilization is based on reported balances, which in most but not all accounts is statement balance. The most important breakpoint is 10%. Optimum to keep at 8.9% or less, but more points will be gained by keeping it as low as possible, so long as there is at least one account reporting a small balance.

 

3. Aggregate installment utilization
The total of all open installment loan balances divided by the total original loan amounts of those loans. A significant factor in FICO 8 and 9, less so in earlier scoring models. Most important breakpoint is 10%. Optimum to keep at 9% or less.


Total revolving limits 653000 (575000 reporting)

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