Just got to thinking... On one CR, I got a + for being at 32% util. and on another, I got a - for the same 32% util. Any one figured out yet what % util. is the best overall for your credit scores?
Re: Re: Ideal % utilization for max scores? I was wondering what was up with that. I was playing around on myfico.com with the simulator and the scores got better the lower your overall balances were, but when I got to 0%, I noticed the fico scores went back down. I guess if you have no debt, you're more of a risk! <-------- rolling eyes at the last comment I made.
Re: Re: Re: Ideal % utilization for max scores? POOR CREDIT CAUSES ACCIDENTS...CLAIMS...AND TICKETS EVEN IF YOU HAVE NO ACCIDENTS...CLAIMS...AND TICKETS ***HIGHER RISK***
Re: Re: Re: Ideal % utilization for max scores? I certainly agree with George but a twist on this is that the shape, potential increase, and "sweet spot" of your simulated FICO score versus % Utilization curve can vary depending on how your CRA files differ and from person to person. I have an illustration of this here: http://www.creditboards.com/phpBB2/viewtopic.php?t=3207
