Understanding FICO® Scoring

[shorttough]

Hi,

I have 2 closed credit cards with balances of 6000 and 4600.

I also have 13 tradelines with overall Utilization of 36% without calculating the Closed Credit Cards.

My question is am i calculating the utilization correctly? or do i have to include the balances as well against my existing credit limit?

Thanks

[llecs]

Closed CCs are also included into revolving util provided they report a balance and a CL.

Aside from CCs, revolving util also includes LOCs and HELOCs up to a certain limit, and also includes most CO'd CCs provided they still report a balance.

ETA...if util is a pos. or neg. factor, it'll be listed within pages 2 or 3 of your FICO report.

[shorttough]

The following is showing in the Credit Report.

Credit AccountCiti

Status as ofDate opened [?]Date of last activity [?]Credit limit [?]Account Type [?]Account holder [?]Scheduled Payment Amount [?]Industry

Oct, 2012

Sep, 2006

Oct, 2009

$7,800

Revolving

Individual

$97

All Banks

Descriptions [?]

• Account closed at consumer's request

Credit CardAmex

Status as ofDate opened [?]Date of last activity [?]Largest past balance [?]Account Type [?]Account holder [?]Industry

Oct, 2012

Oct, 2003

Oct, 2012

$9,600

Revolving

Individual

All Banks

Descriptions [?]

• Account closed at consumer's request
• Credit Card

[shorttough]

notice the AMEX card is not showing any Credit Limit, but just the highest Balance it once had