"AMOUNT OF DEBT" - "Good" vs "great"

[Anonymous]

I just pulled all three Fico scores and reports and I was very happy with what I saw.
It's amazing what a year of hard work can do.

One thing I noticed for the first time when I pulled them is this entry in the first page "Fico score summary" It's called "amount of debt". There is a difference here between my EQ and TU reports in this column. On my TU report it says my amount of debt is "great". It's showing I have $3600 in outstanding installment debt, and $27 in revolving. No Mortgages. On my EQ report, it says my amount of debt is "Good". It's showing I have $17,000 in installment debt, $27 in revolving, no mortgages.

So here's my simple question: What constitutes a "great" amount of debt vs. a "good" amount of debt?

[Anonymous]

bump

[Anonymous]

I have no idea...

My EQ says my amount of debt is "very good", but I have over $40,000 in installment and revolving showing.

Perhaps the amount of debt takes into account the original balance?

[MidnightVoice]

I have never fully comprehended that particular reference.

Or:  I ain't got a clue

[bott6698]

would it be possible it has to do with debt to income ratio or is that a whole nother beast?

[Anonymous]

Not sure on this, but I don't think the CRA's know how much one makes. Lenders are interested as it is a huge component of making a loan... but I don't *think* the CRA's keep a record, all they know is the available credit/used credit.

[Anonymous]

I believe this goes by your util. When I was @ 3% it showed great. When I went up to 50% it went to Not Good.

[Anonymous]

maybe its based on the total outstanding debt ratio for all accounts reporting really doubt its income to debt ratio since Credit Companies or reporting companies not aware of your income--