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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?