DAILY CREDIT FACT:

A new "Credit Scoring model" got introduced back in 2022. Its called "FICO 10T". The "T" stands for "trended data". To simply put it, compared to other scoring models that lenders would use that would only focus on the last month of your utilization, "FICO 10T" will focus on 24 months worth of history of the utilization that you've reported on your statement dates. So make sure that your utlilization is always under 10%. There are more and more mortgage lenders using this this scoring model. Other lenders are going to start using it also since it benifits them. So if you have future plans and plan on applying for loans, start by keeping your utilization between 1-9% and report this EVERY MONTH without fail.😉