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November 27, 2013 | By Greg Fisher

Equifax regurgitated this statement: "Watch your credit card utilization rate during the holidays - and keep under 30%. #wbchat"

Credit score myth, utilization ratio

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, 2013

After 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.

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