Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
Ozzyj93

0 Contributions
0 People Helped
Score went down 20 points for high utilization?
My score went form a 656 to a 636, apparently because high utilization... Yet, I've used most of my balance on my credit cards because I only have two... One with a 300 limit and one with 350.. And my score has NEVER gone down for high utilization.. Why the heck the sudden drop??

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
497 Contributions
1204 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

High utilization will cause your credit score to drop and even if it didn't initially, it would have happened eventually because constant high credit usage makes you look very risky to lenders. It is best to keep your credit card utilization under 30% at all times, with 1%-20% utilization being your ultimate goal because you would reap the most points towards your credit score within that range.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.