Credit Card Center Advertiser Disclosure

New Visitor
Posts: 1
Registered: ‎09-10-2012
0 Kudos

Revolving/Open Accounts



In working with the Credit Stimulator, I learned that my revolving/open debts totaled $1328. I only have one cc with a $20o limit and a car note of $35/month. I do have an old debt that is still being report; would it be included in this category? I also have student loans in deferment. Any ideas on how this category was calculated?

Moderator Emeritus
Posts: 32,865
Registered: ‎08-04-2007
0 Kudos

Re: Revolving/Open Accounts

[ Edited ]

Did the simulator come from If so, then yes, it would probably include other items. Revolving utilization includes all open CCs reporting anything other than a $0 CL. It includes any closed CCs reporting a balance and a CL. It includes LOCs and HELOCs up to a certain limit (YMMV on the FICO version). And it can include any charged-off CCs reporting a balance.


ETA it would not include the SL or car.

Community Leader
Epic Contributor
Posts: 29,743
Registered: ‎03-19-2007
0 Kudos

Re: Revolving/Open Accounts

The terminology used in the post is a bit confusing.

There are three basis types of debt.... revolving, installment, and open.  Revolving debt gives you a discretionary, approved level of credit, and your debt and payments revolve around your usage.  Installment debt is a preset amount provided to you with specfic monthly payments over a specific term.  Open credit is credit that is due in full when billed, such as certain AMEX cards and normal utilities, rent, phone, cable, etc.


What is the other "old debt" that is of concern as to its reporting?  Open and installment accounts are not scored under util of revolving credit, as you have no utilization flexibility on those accounts.  They are scored separately as % of debt, not % of util, and at a much lower weighting.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.