Credit ULI ?

[Anonymous]

When the CRA are figuring the ULI is that based on per card or total of all. I have a Home depot 3000 and a cap1 and qs for 500 ea. for a total of 4000. Keeping my ULI under 10% would be <400 total?

[bstone]

Yes and no.

Your score is based on utilization overall and on each card, so if you rack up $400 on your QS card you're still only at 10% overall, but at 80% on that one card, which will hurt your score.  Your score for overall utilization will be OK in that scenario, but you'll take a hit for high utilization on the one card.  I figured this out the hard way...

[Anonymous]

10-4 thanks

[TRC_WA]

Also keep in mind the bigger your profile the lesser the sting from UTI.

If you have $2000 in CCs and let $1800 report... the FICO store will take a serious hit.

If you have $75000 in CCs and let $5000 report... the hit will be much less.

I have $60k+ and let $5k report on my Sallie Mae a few months ago and lost 3 points on EQ... I paid the bill off and the next month's new balance was $1300... got all 3 points back.

Unless you are planning a house or car purchase in the next 30 days playing the UTI game isn't necessary... FICO has no month to month UTI memory so if you lose a point here or a point there for carrying a balance you'll get the points back when you pay the bill and the paid down balance reports.

[Anonymous]

Thanks, I was not aware that month to month was not tracked or considered but changed. Thanks again.