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.
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?
It does list that past high balance as 1,500... And everything that is on my CR is what I listed, no TL's or closed accounts.
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?
Ah ha! While the TL is still reported, FICO will ignore certain aspects of the TL while in dispute like the balance and the CL.