11-08-2009 05:32 PM - edited 11-08-2009 05:33 PM
OP, where are you getting your credit report from that's showing your utilization this way? I'm only asking because, if it's from Equifax, such as on their 3 in 1 Credit Report, it will show debt to credit ratio broken down into multiple sections, and their "total debt to credit ratio" includes installment loans, correctly. The only utilization for credit cards would be under the "Total revolving accounts", listed again as "debt to credit ratio" on there. That's the correct number for credit utilization we often refer to on here.
If you checked a myfico.com credit report for TransUnion or Equifax, and it's listed that way, then yep, it's a problem. That report should show revolving credit utilization singularly without the confusing additional ratios.
If you already know all this, ummm...nevermind my post.