UTL ratio 94%, should be 948% ?

[onepointatatime]

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@lhcole77 wrote:

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40K limit, gotcha! What was the balance charged off? $40K as well?

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I assume so, yes.  The balance that shows on my CRs is exactly 40,991.. it's been frozen at that for as many years as I can remember.

[lhcole77]

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@onepointatatime wrote:

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I assume so, yes.  The balance that shows on my CRs is exactly 40,991.. it's been frozen at that for as many years as I can remember.

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Hmmm, based on your answers the UTL showing does seem odd. Maybe this is part of the new FICO08 scoring model.

[takeshi74]

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@onepointatatime wrote:

Someone on here mentioned that the old charged-off credit limits do *NOT* count towards your available CL for the purpose of this calculation....

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Depends on how the closed account is reporting.  It's not unusual for closed revolvers with a balance to report at 100% utilization.

Closest I can get to 94% is:

($40,991 + $300) / $44,250 = 93.3%

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@onepointatatime wrote:

UTL ratio 94%, should be 948% ?

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94% is bad enough. You don't want 948%.

[onepointatatime]

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@takeshi74 wrote:

Depends on how the closed account is reporting.  It's not unusual for closed revolvers with a balance to report at 100% utilization.

Closest I can get to 94% is:

($40,991 + $300) / $44,250 = 93.3%

94% is bad enough. You don't want 948%.

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lol.  Yes, I suppose if you're right, then it means that closed CLs *can* indeed count towards your UTL. 

The account is reporting as both open and closed, on various reports.  I'm not sure how that's possible, but that's how it shows up.  It seems like they want it both ways.  Is this legal ?