Hello to all 
, Does anyone know, what are the magic bracket breakdown for debt to limit ratio on credit cards debt to maximize the FICO score? For example what percentage rate of debt would not hurt my score (instead it may even help it) is it 50%? 35%? 10%? of the credit limit.
, Does anyone know, what are the magic bracket breakdown for debt to limit ratio on credit cards debt to maximize the FICO score? For example what percentage rate of debt would not hurt my score (instead it may even help it) is it 50%? 35%? 10%? of the credit limit.thanks in advance...
Hi pondering, welcome. This forum will provide you with a wealth of information for you. Regarding your question, it is a generally accepted axiom here, that a debt to limit ratio(called utilization), for maximum beneficial impact on your FICO scores are 1%-9% utilization. That's the practice I'm following and am thrilled with the results. Hope that answers your question.