Jcorye1 LSU Fan Tom Terrific (greater than) Brees Member since Dec 2007 28519 posts Online
So using more than 16% of my available credit harms me? (Posted on 5/15/13 at 6:05 pm)
I have literally never missed a payment date. Right now I'm chilling at 11%, but I like the flexibility my credit card gives me, and the limit on the card is extremely tiny because I'm just starting to use them and don't want to mess myself over.
foshizzle LSU Fan Washington DC metro Member since Mar 2008 29838 posts
re: So using more than 16% of my available credit harms me? (Posted on 5/15/13 at 8:15 pm to Jcorye1)
It isn't a big hit to your score and it bounces right back up again if you pay it off. It isn't anything like as bad as being late 30 days - not only does that one hit you much worse, but the mark lasts for a long time.
Honestly I wouldn't worry about this unless you're about to apply for a loan, in which case just pay extra to bring the balance down.