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emmacanseco

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will low credit card utilization raise my score?
I know it's best to keep it under thirty percent, but will keeping it low actually increase my score? I was on 1 of my moms credit cards recently but she kept making late payments and the card utilization was at 99 percent, so I had her remove me. I am now off of her credit card, will that raise my score? I still have my own credit card on my report, in that has always been in good standing.

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CC Utilization

There is no good answer.  If you go to the credit stimulator under raising or lowering credit card balances, a shift to the left, meaning you've reduced your balance will prompt a green message saying to the effect, ' .. good job, you're responsible and it'll raise your score.'  But when you hit the credit stimulator button you'll see no change in your score.

Conversely raising your balance by a shift to the right will prompt a red message saying in effect, 'bad move,' and hitting the credit stimulator will lower your score.

However having 0 balance every month impacts negatively and gives you a C whereas Credit Karma claims having 1 - 20% utilization gives you an A.  I don't believe it because even their credit stimulator says NO.  

Bottom line, don't play to the calculator.  If you feel comfortable keeping a balance and paying interest monthly go ahead, I think that's stupid and I don't see it raising your score.  If you detest paying interest when you don't have to pay the bill in full and don't worry about credit card utilization. 

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