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Credit card utilization

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Credit card utilization

When calculating cc aggregate utilization, do u include cc's that have been closed or settled on your report?
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Re: Credit card utilization


ltrc_j2005 wrote:
When calculating cc aggregate utilization, do u include cc's that have been closed or settled on your report?

CC util includes all open CCs with a balance and CL, and includes open CCs reporting open with a $0 balance. Util also includes closed CCs provided it still reports a balance. For example a charged-off CC with a balance can still factor in many cases. Finally, many LOCs and HELOCs still factor in up to a certain limit.

 

Closed or settled CCs reporting a $0 balance are forever excluded from util calcs.

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