November 27, 2013 | By Greg Fisher
Equifax regurgitated this statement: "Watch your credit card utilization rate during the holidays - and keep under 30%. #wbchat"
A response:
.@EFXFinanceBlog, a) What is the point of a $10k limit if I'm screwed going over 3k, and b) What magic happens at 30 percent? #creditscore
— Greg Fisher (@creditscoring) November 22, 2013After that, apparently, Equifax removed its message.
The notion that there is something special about using under 30 percent of one's available credit is Myth #4.