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Total UTL 22%, LOC@ 92% UTL. Question?

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Desmoire
Regular Contributor

Total UTL 22%, LOC@ 92% UTL. Question?

I had to make some important purchases in the last week, amounting to around 950$. This brought my total UTL to 22%, but I made the purchase with my LOC because the interest rate is much better than my CCs. Is this going to substantially hurt my CS rather than spreading the amount out across all my cards? Or will I be okay considering I plan to have it paid off in 60-90 days?

myFICO Scores EQ 778 TU 783 EX 772 | Mortgage 106774.00 | Auto Loan 15251.00 | AMEX BCE 0/25500 | Lowes 0/6300 | Barclay Rewards 0/5000 | NASA FCU 0/5000 | FNBO 0/4400 | Amazon 0/4000 | FNBO Employee 283/2900 | NFM 0/2600 | Chase Freedom 0/2500 | Best Buy 0/2300 | Cap One 0/2250 | FNBO 0/1100 | NASA FCU Rewards 0/1000 | Quicksilver 0/750 | Younkers 0/500 TOTAL: 283/74,450 0.003% UTIL
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3 REPLIES 3
09Lexie
Moderator Emerita

Re: Total UTL 22%, LOC@ 92% UTL. Question?

Is the LOC reporting as rev or installment? If rev, yes you will see a score ding; installment not so much.

If you are not planning on apping and intend to pay it off in 2-3 mos, I wouldn't worry.
Message 2 of 4
Desmoire
Regular Contributor

Re: Total UTL 22%, LOC@ 92% UTL. Question?

How do I find out if its a Rev or installment? I cant see my accounts or what they are considered in my 10 day trial of myfico. Creditkarma shows it as 'Loans Other' and the mycreditinform that comes with my capital one card shows it as a contribution to my total credit limit.

myFICO Scores EQ 778 TU 783 EX 772 | Mortgage 106774.00 | Auto Loan 15251.00 | AMEX BCE 0/25500 | Lowes 0/6300 | Barclay Rewards 0/5000 | NASA FCU 0/5000 | FNBO 0/4400 | Amazon 0/4000 | FNBO Employee 283/2900 | NFM 0/2600 | Chase Freedom 0/2500 | Best Buy 0/2300 | Cap One 0/2250 | FNBO 0/1100 | NASA FCU Rewards 0/1000 | Quicksilver 0/750 | Younkers 0/500 TOTAL: 283/74,450 0.003% UTIL
Message 3 of 4
guiness56
Epic Contributor

Re: Total UTL 22%, LOC@ 92% UTL. Question?

Message 4 of 4
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