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Re: closed accounts used in util?
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closed accounts used in util?
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clarrkkent
Contributor
Posts: 28
Registered: 04-26-2007
Message 1 of 4
Viewed 25,770 times
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Anyone know, definitively, whether closed accounts with balances are used in calculating utilization? I have one closed account with a balance, but since the card is closed there is no CL being reported. Just wondering if my utilization is being inflated because of this closed card.
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05-23-2007 12:53 AM
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Re: closed accounts used in util?
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 Tuscani
Moderator
Posts: 6450
Registered: 03-29-2007
Message 2 of 4
Viewed 25,765 times
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Yes, however, certain calculations apply to each. For example, revolving utilization is not calculated for closed accounts with zero balances.
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05-23-2007 04:01 AM
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Re: closed accounts used in util?
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Physicist
Regular Contributor
Posts: 164
Registered: 07-14-2008
Message 3 of 4
Viewed 15,214 times
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Tuscani wrote:
Yes, however, certain calculations apply to each. For example, revolving utilization is not calculated for closed accounts with zero balances.
As far as I can say (well, for certain) I have a closed zero balance CC in my calculation.
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09-23-2008 01:02 PM
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Re: closed accounts used in util?
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fused
Moderator
Posts: 13940
Registered: 03-12-2007
Message 4 of 4
Viewed 15,167 times
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Physicist wrote:
Tuscani wrote:
Yes, however, certain calculations apply to each. For example, revolving utilization is not calculated for closed accounts with zero balances.
As far as I can say (well, for certain) I have a closed zero balance CC in my calculation.
This is not suppose to happen, are you sure of this?
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09-23-2008 06:39 PM
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