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Old Dec 11, 2012 | 11:59 am
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ankitgu
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Join Date: Jul 2011
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Originally Posted by philemer
I saw nothing mentioned at myfico.com about an ideal utilization rate. However they do say this: http://www.myfico.com/crediteducatio...ment-help.aspx Keep it below 50%.

Another "expert" here http://www.creditcards.com/credit-ca...-owed-1270.php says keep it below 30%.

Does anyone have something from FICO that they can link to? I see I lot of different figures flying around.
Good links and thoughts - it actually brought another question to mind: What do credit issuers look at? Are they focused on the score itself, or do they use their own metrics in conjunction with the score? So maybe credit issuers used to want a low utilization score, but maybe some want a higher one, either to earn interest or get customers with higher purchase volumes? Just thinking out loud.
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