rabidfox
New Member
Cash: $ 1.55
Posts: 7
Joined: 21 Sep 2012
Location: Kansas, USA
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| Credit Utilization: Snapshot, or taken over time? |
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My question is on credit utilization (the ratio of debt incurred to credit available). I'm not certain how to word my question, so here is a hypothetical situation instead:
If I max out my credit cards for three months in a row, and on the forth month I pay them all down to a zero balance, what happens? Is my credit utilization at 0, thus not impacting my credit score, or does my credit utilization factor in the previous months and have a negative impact anyway?
Thanks!
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