nEED HELP ON PROPER UTILIZATION

[Anonymous]

Hello. I’m new to the forum. I’m trying to figure out the best way to maximize scores. Not looking for a major purchase, but just want to get my facts straight. I am wondering about utilization. My total utilization is low, but I have heard that all revolving accounts should report a zero balance and leave one with a low utilization like below 10%. My accounts are all quite new and I have more than adequate funds to PIF every month. Here is my current situation:

Home Depot    Balance:$159 Limit $1500 Utilization:10.62%

Discover It        Balance:$151 Limit $1500 Utilization:10.08%

Capital One Q   Balance:$80    Limit $1000 Utilization: 8%

ExxonMobile1   Balance:$38    Limit $800  Utilization: 4.76%

Capital One S    Balance:$0       Limit $651    Utilization:0%

Credit One        Balance:$0       Limit $400    Utilization:0%

Target               Balance:$0       Limit $300    Utilization:0%

Total Utilization: 4.78%

[bdhu2001]

---

@Anonymous wrote:

Hello. I’m new to the forum. I’m trying to figure out the best way to maximize scores. Not looking for a major purchase, but just want to get my facts straight. I am wondering about utilization. My total utilization is low, but I have heard that all revolving accounts should report a zero balance and leave one with a low utilization like below 10%. My accounts are all quite new and I have more than adequate funds to PIF every month. Here is my current situation:

Home Depot    Balance:$159 Limit $1500 Utilization:10.62%

Discover It        Balance:$151 Limit $1500 Utilization:10.08%

Capital One Q   Balance:$80    Limit $1000 Utilization: 8%

ExxonMobile1   Balance:$38    Limit $800  Utilization: 4.76%

Capital One S    Balance:$0       Limit $651    Utilization:0%

Credit One        Balance:$0       Limit $400    Utilization:0%

Target               Balance:$0       Limit $300    Utilization:0%

Total Utilization: 4.78%

---

Everyone's mileage will vary due to age of credit and other factors.  The best way is to test what works for you.  Getting the 3 Bureau report and trying different scenarios woud work; but barring that, pay attention to when your card reports to the various CBAs and have every card report $0 except 1.  PIF doesn't necessarily mean that the card is reportng $0. View statement cut date and be sure your balance is $0 4-5 days sorounding the cut date.