Credit utilization over 100 % ! Help

[Anonymous]

I have a credit card with a $750 credit line and I am an AU on my wife's credit card (citi) which doesn't report her credit limit !

I end up with $2,000 of credit card debt for a $750 credit limit

Is it reflected on my score??

Thanks

[Anonymous]

We need a little more info to help you. Are you saying that your wife's no limit card has a 2k balance or do you mean you have a 2k balance on your $750 card. I don't think you can go over %100 utill because your highest reported balance ( if greater than your credit limit) takes the place of your credit limit.

Message Edited by Justn on 06-24-2009 08:18 PM

[Anonymous]

I have a $25 balance on my $750 CL card.

My wife has a $2,000+ balance on her $9000 CL card. Her CL is not reported on my credit report.

I just checked my credit report on credit karma and I had a grade of F for credit utilization because of this. Specifically, it says: "Open Credit Card Utilization100+%".

Thanks

Message Edited by xav on 06-24-2009 08:28 PM

[Anonymous]

Does this mean that my credit score won't be affected by this?

[Verde]

I would either dispute the info or have your  wife to remove you as an AU

[Anonymous]

I guess the easiest thing is for us to pay the balance in full and keep 0 balance..

Anybody's input will be much appreciated on this.

Thanks

[Anonymous]

Did you ever look at your free credit report from TU? How is your wife's card reported?

Is your wife's card a Visa Signature?

I just ask because these are not correctly calculated by Credit Karma or the TU FICO you can buy on this site, but it will be correctly calculated in the EQ or EX scores and in the new TU FICO that most lenders use.

Message Edited by Ulan on 06-26-2009 03:58 PM

[LindaLu]

Is that really true that if you are over your limit that it replaces your limit?  that would almost be like upping your limit to what you are over by?  I  have a credit card that the limit was lowered to less than my balance and it certainly did affect my utilization.  It basically ate the available overall credit available to me on my credit report as a whole thus making my utlization higher..Just curious.

[athensguy]

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@LindaLu wrote:
Is that really true that if you are over your limit that it replaces your limit?  that would almost be like upping your limit to what you are over by?  I  have a credit card that the limit was lowered to less than my balance and it certainly did affect my utilization.  It basically ate the available overall credit available to me on my credit report as a whole thus making my utlization higher..Just curious.

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No. If a limit is reported, then that is used for the calculation.

If it is a properly reported Visa Signature, World Mastercard, or Charge card, then it does not have a utilization ratio that's counted for FICO.

The only time a high balance replaces the credit limit is when it's reported as a regular credit card and the limit line is left blank. It is incorrectly reported if that is the case, but Capital One used to do that, and it's possible that Citi NPSL cards report like that now. Chase, FIA, and Amex Charge cards report correctly and don't count for util.