ooxs wrote:Rarely do i get an alert from MyFico that my score went up due to an account balance increase, for the most part i get notified that my score is down a few points because an account of A balance increase on an account. While i don't know what the computation formula is or how it is calculated, i can safely say that every time my balance goes up, i will see a drop of 5 to 10 points.
Certainly that is the case in the short run, but your score will jump right up once the bills are paid. I am interested in the long term ramification, the big picture. I have already done several hour of research on this issue, but I still lack definitive answers. I understand this is primarily due to the system mechanics remaining a secret, but someone should be able to take a better educated guess than me.
On the CR it lists the CL and the highest credit used (HCU). Do you want the HCU to be near the CL or way below? Is this even scored?