Quote:
Originally Posted by FredJacobs
Your FICO score is affected by how much of your total credit line is being used. Add up the total credit line from all of your credit cards. The closer you get to 10% of that figure the more your FICO score goes down. Pay it off and it goes back up. I made a major purchase and asked if they take credit cards (I always want the points if I can get them). My FICO score went down by 30 points and back up when I paid the bill. By the way, your score going up or down by a few points does not affect your credit worthiness. It's when your score crosses over into a different range that does it.
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I purchased a car last year and yes I paid it with my credit card, you should have seen the face of the manager when I said here put in the card!!<he started to say there is no way that it will go through, I told him just try it, his face dropped when it was approved, he said he could not understand why I was willing to pay a much higher interest through the card, I explained to him that I was going to get an additional 1.5% by doing it and it would be paid when the bill came through, his only response was “Brilliant”
