Utilization and Paying Down Debt - Check my rationale...

[Anonymous]

I have a cc that is only in my name. My husband and I also have two cc that are in his name with me being an uthorized user. I want to pay down my debt to improve both of our utilization ratios and thus improve our scores.

Is utilization just revolving debt? And is it calculated as a whole?

I'm thinking that to improve both of our scores I would be wiser to pay on his accounts that have me as an authorized user, rahter than pay down my individual account and only improving my utilization. (His accounts have higher interest rates than mine too!)

Is this correct thinking???

[MidnightVoice]

AU is going away soon, so unless you will become a co-signer, you should do your own first 

[Anonymous]

I know about the authorized user change coming up, but I'm thinking we'll be applying for a mortgage before that impacts us greatly.

[Tuscani]

Utili is factored for revolving and installment. Revolving is far more important. Also remember that Util is not only calculated as a whole, but on each indiv TL as well.