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re: % of Credit limit to use each month?
Posted on 5/26/11 at 3:58 pm to sneakytiger
Posted on 5/26/11 at 3:58 pm to sneakytiger
Well, mine is well in excess of 30% of available credit and has been for like 9 months, and it didn't have an impact on my credit score (at least not anything more than negligible) when I went and bought a car 6 months ago. IDK it just sounds arbitrary to me.
Posted on 5/26/11 at 9:22 pm to kfizzle85
quote:
(at least not anything more than negligible)
I have a very good credit score so it wasn't a huge hit, but it was a remark. But I could not find it when I came home. I think I shred it. I do not recall exactly what % the credit report quoted. At the time I had just charged a large amount (or my wife did) for furniture and a ski trip so it was likely well over 50% when they ran the report.
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