Reply
Senior Contributor
smallfry
Posts: 4,831
Registered: ‎04-20-2007

Credit Utilization %

I'm new at this so if has been covered previously I apologize. Is your utilization % figured on using all open accounts plus any car loans and mortgages?
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007

Re: Credit Utilization %

Yep.. Open accounts only.. Revolving credit (credit cards) holds the most weight when calculating your scores.
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007

Re: Credit Utilization %


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+