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bucket851 wrote:
I just got my FICO scores & reports, & it says something about the amount owed on revolving accounts is too high. I know this can't be the case, as I always keep the ratio 10% - 20% of my credit limits. Can I dispute this w/ the credit bureau?
Where is it saying this and what is the utilization percent listed (on TU or EQ only, EX lacks numbers)?
Have you had an CLD's? Many vendors are lowering limits - and this would shoot up ut. You could dispute an account as incomplete or inaccurate data.
Before disputing anything, I'd go over each account carefully and verify all tradelines.
@Junejer wrote:
When your scores are high, they start spewing nonsensical things at you, because there's not enough to carp at you about. I would not worry too much about it, unless you can get the uti to under 10%, then it should go away.
That was my understanding from the conversation w/ customer support. Then I was just reading a similar thread ("Experian FICO S**ks") & now I'm wondering if it works the same way w/ TU and EQFX (i.e., even though they base the descriptions on items that are actually on your report)?
bucket851,
Don't forget what FICO says in reference to revolving accounts utilization. To attain the most possible points in this segment yor ratio needs to be 1% to 9%. NOT zero %, not 10%.
Good Luck
@jackg wrote:bucket851,
Don't forget what FICO says in reference to revolving accounts utilization. To attain the most possible points in this segment yor ratio needs to be 1% to 9%. NOT zero %, not 10%.
Good Luck
Thanks