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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: %30 credit Date:  10/23/2013  10:45 PM
Author:  aj485 Number:  307392 of 309666

Is it true that if you leave less than %30 of your credit limit on your credit cards that your fico score will go down compared to above %30?

As always, with credit scores, the answer is "It depends". In general, the less of your credit limits you utilize, the higher your score will be. There are often 'break-points' where your score can increase/decrease by several points depending on where you fall. However, where the break-points for you can be different than where they are for someone else, depending on your individual credit histories. The break-points can also be different depending on whether you are looking at your overall utilization percentage or the utilization of each individual credit line.

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