The article is exactly right. If I recall correctly, your score will be lowered approximately a point for every percentage point of credit card utilization. That being said, if you are not applying for credit, your day-to-day credit score is not that big of a deal.
If you are going to apply for a mortgage, for example, pay your balances down a couple months beforehand, and when the new balances are reported to the credit bureaus, your score will pop right back up.
Last edited by buzz : 10-12-2007 at 04:36 PM.
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