UTI Calculation PER Account or Overall or Both?

[Anonymous]

I have been reading on here but can't seem to find the right answer, when trying to get maximum score based of UTI, do you consider UTI for the full amount of your CL or per account or both?

So for instance I have $40,000 CL over all, I have 1 Lowes card that has $300 limit and I max that card out - so on Lowes I will have 100% UTI but overall it's only 1%... is that more effective than use $100 of $10,000 to report? still shows 1% overall but for the account it's also 1% . 

Hope this makes sense. 

Thanks!

[Appleman]

Utilization is calculated on each individual credit card and over your entire revolving portfolio.

For instance my wife has 8% utilization but lost a few points pushing her below 800 when she let one card report 31% utilization (a zero percent BT).

I try to keep everything under 10% and never above 30%. 90% utilization or greater is opening the door for trouble IMO.

[sarge12]

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@Anonymous wrote:

I have been reading on here but can't seem to find the right answer, when trying to get maximum score based of UTI, do you consider UTI for the full amount of your CL or per account or both?

So for instance I have $40,000 CL over all, I have 1 Lowes card that has $300 limit and I max that card out - so on Lowes I will have 100% UTI but overall it's only 1%... is that more effective than use $100 of $10,000 to report? still shows 1% overall but for the account it's also 1% . 

Hope this makes sense. 

Thanks!

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The generally accepted idea is no more than 10% overall or 30% on a single account, with <5% and 10% being ideal. It is speculative because only fico can say exactly how much weight they give to each of those metrics and it is a trade secret so they aren't telling. They will only state that both are considered. Read more in learn about scores in the header above.

[sarge12]

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@sarge12 wrote:

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@Anonymous wrote:

I have been reading on here but can't seem to find the right answer, when trying to get maximum score based of UTI, do you consider UTI for the full amount of your CL or per account or both?

So for instance I have $40,000 CL over all, I have 1 Lowes card that has $300 limit and I max that card out - so on Lowes I will have 100% UTI but overall it's only 1%... is that more effective than use $100 of $10,000 to report? still shows 1% overall but for the account it's also 1% . 

Hope this makes sense. 

Thanks!

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The generally accepted idea is no more than 10% overall or 30% on a single account, with <5% and 10% being ideal. It is speculative because only fico can say exactly how much weight they give to each of those metrics and it is a trade secret so they aren't telling. They will only state that both are considered. Read more in learn about scores in the header above.

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Some of this info is derived by I and many others noticing the whats hurting my score remarks on our fico reports over time.

[sarge12]

It seems to be the experience of almost everyone that I've seen post that if any one account goes over 30%, then when you look at what's hurting score it will say the util on your xxxxvisa acount utilization is too high in relation to the cl on that account, and 28% does not show this. So on the single account 30% seems to be a major step that you should not cross. Keep in mind though that utilization has no history so any points lost one month due to high utilization can be easily regained by having low utilization the next month. Utilization being in the 30% of score catagory has high effect on score, albeit a very temporary one.