Not being used in Util!!!!!!!!!!

[terrymurph]

I have a JC Penney CC with a 1650.00 cl it is showing up on my TR fico report. It says its a revolving account but isn't being calculated in my util. Is there anything i can do cause it's causing my util to be pretty high or am I just going to have to deal with it?

[haulingthescoreup]

Sorry, I'm confused.

Just because it says "revolving" doesn't mean it's being calculated differently. What are you seeing that makes you think that this is happening?

Can you list your current revolving (CC) accounts with their reported balances and reported CL's? You can call them Card A, Card B, etc if you like.

[terrymurph]

Ok it's as follows. My fico report states my util is 89%. But on my simulation  says you currently have a combined Revolving/Open Account balance of $2,863.** If it (JC PENNEY) was included it would be 3762.00. I'm asking because when i pay them down it will give me more cushion since the CO is included in my util.

                                              limit                   

JC PENNY                             1650.00              1079.00              

ASPEN MATER                     1000.00               892.00                 

HSBC ORCHARD                   300.00                0.00                    

WFNNB BUCKLE CARD         250.00                0.00

1FBUSA charge off                 1971.00              1971.00

[terrymurph]

bump

[creditwherecreditisdue]

I doubt you're going to get an answer on this before tomorrow.

I looked at it and it is very strange.

[ocheosa]

HI OP,

I calculated the numbers you provided and it does not add up. By first glance it seems jcpenneys is not yet factored in and the only account included in util is Aspen even though total balance includes charge off account. I would get both the JC Penney and Aspen balances down before they report again.

                                               limit          balance     utilization 

 JC PENNY                             $1,650.00      $1,079.00      65.39%      

ASPEN MATER                      $1,000.00        $892.00       89.20%      

HSBC ORCHARD                      $300.00           $0.00         0.00%        

WFNNB BUCKLE CARD            $250.00           $0.00         0.00%        

1FBUSA charge off               $1,971.00     $1,971.00      100.00%    

       with jcpenneys         $5,171.00      $3,942.00      76.23%  overall utilization                                                                                                                         

     with out jcpenneys      $3,521.00      $2,863.00     81.31%  overall utilization

I apologize for formatting. Cannot get the columns to line up correctly.

Message Edited by ocheosa on 08-17-2009 11:26 PM

[creditwherecreditisdue]

I got exactly the same thing.

[haulingthescoreup]

LilMan, is this your EQ FICO or your TU FICO?

I ask because in the past, I have gotten some really screwy feedback from the TU report, both on the regular report and on the sims.

[terrymurph]

It is TU. On the simm Eq uses it. So it's kind of  weird.