Quote:
Originally Posted by pwd72s
Should I care? Everything paid for. No need or desire to borrow. Credit cards paid off monthly.
Haven't a clue what my rating is. Always hated debt, considering money paid in interest was money wasted. Paid cash for both cars, mortgage was paid off decades ago.
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You didn’t ask. So probably not. The OP otoh does…
Tier 1 is 750 or so using the latest scoring methodology (FICO 8) which goes 250-900. If you are down a touch, pay your bills on time and keep your individual card and total debt load under the threshold where it matters. It’s about 25-30% utilization iirc. Spread the load across cards if necessary.
Edit some one else said 30, which seems about right.
Counterintuitively cancelling cards can hurt your score - it reduces the total available amount and can increase your utilization.
After that read this:
https://www.experian.com/blogs/ask-experian/what-is-fico-bankcard-score-8/#:~:text=The%20FICO%20Bankcard%20Score%208%20is%20 a%20FICO%C2%AE%20Score,range%20of%20300%20to%20850.