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Utilization for Cap 1.


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I have a $300 Cap 1.

This is the first month it's reported, and it dropped my score. I assume my score dropped because of utilization. It's reporting a high balance of $198 and a current balance of $194.

I just paid it off, I thought the payment would post before they reported, but I was too late.

So, my question is... since $198 is the high balance and they don't report limit, is my utilization based on that high balance? So, at 30% I need to keep it around $60? Is that right?


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