Even though we crack jokes about how fanatical they are, there is a grain of truth in it.
I bought all 3 scores today which I updated in my signature. I was curious why TU was so low, so when I checked one of the reasons was "You've made heavy use of your available revolving credit". I was huh that's news to me I never do that. They claim I'm at 1%, saying that FICO "high scorers", you know, those mythical people who never apply for any cards but have 25 of them, typically have 7% utilization on average. I was like ok, this may be the new FICO math, but the last time I checked 1% was way under 7%. I don't even think it's 1% in any case - FNBO caught me for 27 bucks and Amex for 78 because I couldn't pay that before the statement cut (same with 12 dollars on my Gold card). So I think THAT's what it's whining about, it sees a balance on 3 cards and thinks this guy is just abusing the hell out of credit letting a balance hit on 3 cards. That's my "high" utilization they are talking about and apparently how the scoring model interprets it. (See why I was moaning about not being able to pay the cards?)
So that's my total utilization - 117 dollars, out of what well over 40k available credit, and I have high utilization in their TU model.
It logically has to be the fact it's across 3 cards but isn't it a little much they lower your score due to that? I mean even for those fruitcakes, isn't it a bit extreme? I already paid FNBO and the 78 on the Amex card and haven't paid the 12 bucks on the Gold simply because Amex won't let me pay them. But I'm a credit card abuser
And you know what is ironic? If I had 0 balances they'd whine about that saying I wasn't showing "responsible" use of my available credit. It reminds me of a performance review - they are ALWAYS going to come up with something negative to say even if they have to make up nonsense.
It's educational, and a bit entertaining, and I don't really care, to be honest, but I think that's just an indication I should quit throwing money at those idiots over there for a while and wait until it's worth knowing.