what proportion of balances would hurt fico score?
i have an orchard bank card.
only $300 cl.
it carries $195 (195/300=65%) balance last month and my fico score was hurt by it, it drops from 727 to 696.
this month i pay 10 bucks, so balance is $185 (185/300=61.67%) now. i get a fico score watch alert. it says "You have 1 negative factor(s) no longer hurting your score as much as before: The proportion of balances to credit limits on your revolving accounts is too high ."
my score reaches 727 again. i confused about it, only $10 shift fico score significantly.
Q. what proportion of balances would hurt my score? 61.67% vs 65%......
Re: what proportion of balances would hurt fico score?
I closed all HSBC products. No point hits at all on any bureau. The only junk I have left is a decent line with Barclays/Juniper and I have a feeling I may lose that once they see two new lines from Citi and Chase.