Additional Installment Loan Question...

[Andy77]

Yeah, thanks for that advice...how is overall utilization figured...

I have a 35k car loan and will have this loan for 10k

do I figure in those or just credit cards?

[fused]

Only concern yourself with the revolving utilization, leave the loans. Here's an illustration:

CC A: CL 5K/balance 2K = 40% util (this is indvidual util)

CC B: CL 4K/balance 1K = 25% util (this is indvidual util)

CC C: CL 8K/balance 3K = 38% util (this is indvidual util)

Total available Credit = 17K

Overall util is 17K/6K = 35.20%

[Andy77]

I think I am good shape:

Cap One CL: 4100 Bal:50.00

Orchard Bank CL 2200 Bal 0

Dell CL 2500 Bal 0

First Premier CL 1000 Bal 800.00 - moving this to Orchard to bring down utilization and ratio

Chevron CL 1000 Bal 432.00

Exxon CL 850 Bal 0

Shell 750 Bal 0

BofA CL 800 Bal 0

[fused]

Looks good!