utilization

[dezsmama]

I forgot how to calculate utilization. if anyone knows please post here.

[Anonymous]

Total balances divided by total CL.

[dezsmama]

thanks

[Anonymous]

To elaborate just a bit, there are some cards without a present limit that don't factor into utilization. But just about all your garden-variety credit cards do have limits and do factor into utilization.

Installment loans are rated separately for utilization, and installment util counts far less than the util on revolving accounts.

[llecs]

To add...there are some CC COs that may factor into utilization. If so, the balance is apparant, but the CL may be $0, it may be the org. CL, or it may be based on the "high limit" (as it was for DW's CapOne on TU, I think).

Message Edited by llecs on 08-10-2008 09:20 AM