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Something is SERIOUSLY WRONG HERE...
These are screen shots, all from the same report.
I've had a installment loan for 2 months now...
One reason why Fico says my score is low..
Now..after doing some research, I found the following.
1. Fico does NOT count installment loans as UTL.
2. AU's are NOT counted as UTL.
3. Closed accounts are NOT counted unless it shows a balance.
Now...agian, all this info is from the same report.
Fico shows I have a revolving credit balance of $446. This is CORRECT, but we will go into detail. Note the wally card is not yet on EX.
Fico shows my UTL is 19 percent!!
Paypal Rewards MC $0/$1500
Amazon $0/$600
QVC $0/$800
Victoria's Secret $0/$350
Fingerhut $0/$300
OCCU $299/$500 (closed, but has a balance)
Discover $147/$300
Total balance: $446 (this checks out with myfico.com)
Total Credit limit: $4,350 (this also checks out fine).
Percentage: 10.25%
NO WHERE NEAR 19!
Even if we remove the closed occu card, we get 3.8%, actually less.
I know this wouldn't make normal people mad, but myfico is not correctly calcuating my UTL!
Got a screen shot of it saying your UTL is 19%?
OCCU balance owed is counted towards UTL but the CL is not.
Edit: also, your siggy shows more cards and some diff CLs than what you listed in your thread.
Isn't the 4 in the red box representative of the 4th issue?
You won't want to hear this but 45 inq isn't helping. How many over the last 6 months? Aggressive credit speaking damages your fico and profile to creditors.
What baddies are on your reports?
@TheGardner wrote:Isn't the 4 in the red box representative of the 4th issue?
No, the screenshot the OP posted is a cut and paste from 2 different screens on the MyFico report. The 4 means ithe OP has at least 3 other negative issues. Inquiries is probably another one of them
For instance on my report OP's #4 is my #2 and inquiries is #3 so for OP inquiries could be #5 or higher
In other words, yes. The 4 in the red box is representative of the 4th issue.
@lhcole77 wrote:In other words, yes. The 4 in the red box is representative of the 4th issue.
maybe im reading too much into the OP. I think the OP knows there are multiple issues. It's saying the OP needs non-mortgage installment loans but OP has non-mortgage installment loans.
What he is not denying. He just got half those cards. And they are not on report yet. But in his wiggy.
Correction. His siiggy. Maybe he gas had cards a week. Come on op. Everyone at myfico knows you.
Wow, 45 credit inquiries O_O I have 17 on my TU, 8 on Exp and 4 on Equifax and I can't wait for all of them to go away, but 45 dude I am sorry but wow hahah.