Rule of thumb is keep revolving debt utilization to below 30%. Any reported balances utilizing over 30% per tradeline (credit card/revolving loan) will be detrimental to the score in excess of any beneficial report. Additionally, consider the entire Debt-to-Credit ratio (total used revolving credit divided by total available revolving credit) when using the 30% rule.
Rule of thumb is keep revolving debt utilization to below 30%. Any reported balances utilizing over 30% per tradeline (credit card/revolving loan) will be detrimental to the score in excess of any beneficial report. Additionally, consider the entire Debt-to-Credit ratio (total used revolving credit divided by total available revolving credit) when using the 30% rule.
Very good point!