Does "High Credit" factor into the score?

[dasani08810]

Equifax has not been reproting my High Credit on my CR. For instance, I have a BoA with a limit of $8,000; January 1st, the balance was $4800. I've paid it down to $1800 and the CR shows the $1800; but, $0 in the "High Credit" column.

The question is: does it matter in scoring? Does the "model" take into account that I did have a balance once upon a time, but now it's reduced?

I have noticed that none of the cards I have opened in the last few months are not showing High Credit on Equifax; although they are reported on TU and EX.

[Champion80]

My guess would be it isnt effecting it in a negative way, since your payments are made, there is good payment history, and I am not sure ultimately the scoring model takes into effect the Hgh Limit once upon a time on the card, only the current utilization?? But when you say High limit, do you mean high balance? Or in limit section?

[dasani08810]

Sorry, I meant High Balance. EQ calls it High Limit in their report.

I agree, I don't know that it's affecting me in a negative sense; only that I may not be seeing the maximum score based on them effectivly saying I've never used the card.

I recall reading somewhere that when you get a card, charge it up to show a significant balance and then pay it off. The fact that there once WAS a balance and then paid off to 0 is supposed to have a "more positive" affect on your score than simply getting a card and never using it.

I was wondering if this is something I was to bother wih of just leave it as it is.

Danny

[Champion80]

My guess would be its not much of anything, I also did see that when you bring a balance down over time it shows that , but I dont know that it would have much difference in the score with just a good payment history even if you paying it in full, see this is the kind of thing I am so sick and tired of, If I was going to go out and pick up a woman that wanted a nice respectfull dangerous guy, I could dress the part, we should know every factor the builds our credit and what has the best reaction to our behavior so we can build our credit character properly, there shouldnt be this vague guessing game.

[Thomas1096]

I think it would....

If you have a limit of 8,000 but it shows up as 1800 and that's what your balance is, it looks like you are using 100% of avalible credit when you really want it to be around 20-30% used and not more...

I could have misunderstood what you are saying though.

[dasani08810]

Thomas,

IT does show 8k as the limit, but 0 for the high credit (highest amount charged on the card to date).

[Champion80]

How long have you had this card? I dont know if a balance showing there and then reflection on your current account as a lower balance would make a difference in scoring just because that was missing, do you happen to have the more detailed CR, like your actuall FICO, or a report straight from the CRA, I know on my experian it shows "detailed history", and it showed the amounts that were on the card for each month, and then the balance every month thereafter, this usage probably shows there and I believe that is the part of the report the score is based on for that particular piece of the pie. But not positive, pure speculation, of course we as consumers should know how exactly how to build our credit character, but oviously up to this point no one has felt compelled enough to make a law that requires a CRA to specifically tell us the exact factors to build credit. I know if I wanted to be a linebacker for the NFL, I would have to be a certain weight, hieght and other factors that are a pre-requesite.