Posts: 156
Registered: ‎06-01-2012

Does util round down?

For instance, if I have a $1k CL, would any balance under $20 report as 1%?


$10 = 1%

$19.99 = ?


I assume $14.99 and under would be safe at 1%, but how would $17 or $19 be viewed?  Do you have to actually hit the next level before it counts?



Valued Contributor
Posts: 1,669
Registered: ‎05-24-2007

Re: Does util round down?

$0.01 = 1%


$10.00 = 1%


$10.01 = 2%


$19.99 = 2%

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+