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I know high utilization is a huge factor in scoring but does FICO view high utilization differently on say a credit card than an installment loan. The reason I'm asking is that I've got my utilization nearly down to under 20% on my CC but I'm waiting on my new auto loan to report which of course is going to show me owing nearly 100% until I get a few months payments made and even for about a year or so it's going to be pretty high utilization.
Yes there are 2 different utilizations, one for revolving, one for installment.
While revolving utilization is scored heavily, intstallment is not, probably 10% or less.