"Preferred UT 25%" = Preferred Credit Line Utilization of 25%(example: If your Credit Limit on one of your Credit Cards is 100.00 and you want maintain a balance of no more than 25%
( i.e. You Prefer to keep your Credit "Utilization" at no more than 25%) or less then that is an example of your "Preferred UT %"
On the spreadsheet, you can set it to whatever % you want it based on your needs
& how much of a Positive Impact you'd like to
have on your Credit Score in the short-term:
25% UT for some Positive Impact, on your score.
20% UT for a slightly more Positive Impact on your score.
15% UT for a significantly more Positive Impact on your score.
10% UT for a very Positive Impact on your score.
5% UT for a very very Positive Impact on your score.
And regardless of your Credit Limit on each of your Credit Cards,
I've heard that you can have the absolute Greatest Impact on your Score over the Short Term
by getting your Statement Balance down to $3.00 if its a Discover Credit Card
and $2.00 on all other major Credit Cards (Visa, MasterCard, American Express)
Based on the number in your preferred UT, the spread sheet will calculate the exact payment you need to make
so that your "Preferred UT XX%" is maintained on each of your credit cards/ credit lines.
Thank you so much. So $2 is better than 0% utilization?
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