ADSOFT Posted October 9, 2010 Report Share Posted October 9, 2010 My credit report is showing that my High Balance is above my credit limit by $10( got gas and they only charge $1 and then bill you 1 week later). Is that lowering my FICO? I'm going to add $100 to my CC tommorrow just in case, but I still want to know so it doesn't happen again. Link to comment Share on other sites More sharing options...
Bigwoodystyl Posted October 15, 2010 Report Share Posted October 15, 2010 Yes. At the moment it is lowering your FICO. Your balance should ideally always be less than 20% of your credit limit and yours is at over 100%.In the long run, if you actually pay the balance way down, it can be be a good thing. The greater the difference between your high balance and your current balance, the better. Link to comment Share on other sites More sharing options...
Recommended Posts