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re: % of Credit limit to use each month?

Posted on 5/26/11 at 3:12 pm to kfizzle85
Posted by geauxtigers12
Member since Oct 2006
445 posts
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Posted on 5/26/11 at 3:12 pm to kfizzle85
quote:
Who told you that?


It was actually a friend of mine who work in lending. his reason was that if you go over that number that it will lower your fico score.
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Posted by kfizzle85
Member since Dec 2005
22022 posts
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Posted on 5/26/11 at 3:14 pm to geauxtigers12
It sounds like an arbitrary rule of thumb someone like Suze Orman or whatshisname made up and every one parrots. I don't think it makes a difference.
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