Credit Card Center Advertiser Disclosure†
05-27-2011 10:42 AM
Just got my quarterly TU FICO score and have a score of 761, which I am very happy about. However, it says my ratio of revolving balances to cred limits is 76% and cannot understand where this number came from. My accounts and balances are:
Cap1 - Balance of $223, $750 limit.
AU on Amex Gold Charge- Balance of $1,500, no limit
AU on Discover Card- Balance of $76, $14,400 limit.
Federal Student Loan- $2,750.
When apping for credit cards, will they take FICO's UTL number or calculate their own? Because I believe it should be around 10% and FICO's calculation seems to have an error unless I am calculating wrong.
05-27-2011 02:28 PM
If the Amex Gold reports on the TU report, what is the listed "high balance"?
Do you have any other TLs listed like a HELOC or LOC?
Do you have any closed accounts with a balance reporting that isn't included in the three above? Any CO CC accounts w/ a balance?
05-31-2011 08:54 AM - edited 05-31-2011 09:26 AM
Does this seem to be an error?
EDIT: I called FICO and apparently the discover account is in dispute, even though I never disputed it. So it isnt reporting the credit limit.
When applying for credit, do companies leave out an account when it is listed as being in dispute?
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.