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Utilization Question...

Established Contributor

Utilization Question...

Does util count as from the total amount of credit you have or is it just for one card?

 

I have $1250 in credit

I owe $276 on that total credit but that is all on one card....how should that report? I just want to know what to expect on the 5th Smiley Very Happy

Total CL: $40k+
Discover, BOA, GE, Cap 1, Chase, Barclay!
Gardening Start: 04/22/2013

Message 1 of 11
10 REPLIES
New Contributor

Re: Utilization Question...

it counts on both levels on Transunion Fico only

Citi Bank X2/ 29k-USAA Amex/Mastercard 24k-PP Mastercard 20k_
WMDiscover 20k-PenFed X2/15k
Current Fico/EQ-765
Garden Time Day- 10
Remaining Days-170
Message 2 of 11
Established Contributor

Re: Utilization Question...

What about EQ?

Total CL: $40k+
Discover, BOA, GE, Cap 1, Chase, Barclay!
Gardening Start: 04/22/2013

Message 3 of 11
New Contributor

Re: Utilization Question...

Equifax only the total UTL of all the cards combine

Citi Bank X2/ 29k-USAA Amex/Mastercard 24k-PP Mastercard 20k_
WMDiscover 20k-PenFed X2/15k
Current Fico/EQ-765
Garden Time Day- 10
Remaining Days-170
Message 4 of 11
Established Contributor

Re: Utilization Question...

Thank you for the quick response! 

Total CL: $40k+
Discover, BOA, GE, Cap 1, Chase, Barclay!
Gardening Start: 04/22/2013

Message 5 of 11
New Contributor

Re: Utilization Question...

Glad i could helpSmiley Happy

Citi Bank X2/ 29k-USAA Amex/Mastercard 24k-PP Mastercard 20k_
WMDiscover 20k-PenFed X2/15k
Current Fico/EQ-765
Garden Time Day- 10
Remaining Days-170
Message 6 of 11
Valued Contributor

Re: Utilization Question...


danielodonoll wrote:

Equifax only the total UTL of all the cards combine


I suppose that's why the "best" thing to do is to have one card report 1-9% and have the others report zero balances. This way, all 3 credit bureaus are "happy."

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Message 7 of 11
New Contributor

Re: Utilization Question...

Correct.

Citi Bank X2/ 29k-USAA Amex/Mastercard 24k-PP Mastercard 20k_
WMDiscover 20k-PenFed X2/15k
Current Fico/EQ-765
Garden Time Day- 10
Remaining Days-170
Message 8 of 11
Valued Contributor

Re: Utilization Question...

That is weird - TU cares about the individual cards and the other bureaus don't? 

 


Starting Score: EQ 583 TU04 619 EX 592 (lender pull) 2010
Previous High Score: EQ 700 TU04 712 EX 726
Current Score: EQ 740 TU(Discover) 750 EX(AMEX) 747
Goal Score: 740+ all around


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Message 9 of 11
New Contributor

Re: Utilization Question...

I agree with you

I never really got that part since fico uses the info from the bureau and calculate the score so what's the deal with the different calculation on this?

Citi Bank X2/ 29k-USAA Amex/Mastercard 24k-PP Mastercard 20k_
WMDiscover 20k-PenFed X2/15k
Current Fico/EQ-765
Garden Time Day- 10
Remaining Days-170
Message 10 of 11