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Need Advice on Boosting Mortgage FICO Scores, Which Scenario is Better for My Scores?


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I have 9 total credit cards.

 

7 of them have a a balance of $0 on them and two of them are at 29% utilization on each?

 

Would it be better to balance transfer from one card to the other so 8 cards are at 0% but the one would be at 50% utilization or would it be better to keep as is?

 

Or would it be better to disperse the balances across multiple cards so no card is over 20%? For example, transfer part of the balances from the two cards to another 3 so now I would have 5 of 9 cards with ~20% utilization and 4 of 9 with 0%?

 

I know it would be optimal to have 0% across all cards or just $2 on one of them but I can't do that right now unfortunately.

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Since this is more of a question about FICO scoring than mortgage financing you might also consider posting your question in the Credit Forum.

 

If you need a significant number of points it's unlikely that the move you are considering is going to deliver the results that you need. Having one card at 50% may even be worse than where you are now.

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If you need a significant number of points it's unlikely that the move you are considering is going to deliver the results that you need. Having one card at 50% may even be worse than where you are now.

 

+1

 

Leave it the way it is.

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