Utilization % and rounding? Single account and aggregate?

[Revelate]

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@Anonymous wrote:

I do find it interesting that monitoring services like CK, CCT, etc all include dollar amounts (both balances and limits) into their numbers, charts/graphs but FICO 08 scoring doesn't include them.

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It's just data presentation, each service is going to create their UI independently.  

[JagerBombs89]

Finally got signed up for Credit Scorecard and this is how my EX FICO per Credit Scorecard is counting my utilization:

You've used $12.00 of your revolving credit and your revolving utilization is 1%.

However, here is my individual and aggregate utilization percentages, calculated by me:

Individual Utilization: 0.082%

Aggregate Utilization: 0.016%

My individual utilization is eight-hundreth of a percent and my aggregate is one-hundreth of a percent, but FICO is saying 1%

[Anonymous]

Nice data point that shows that essentially anything greater than zero rounds up to 1%, with the only exception being whatever the minimum may be for that creditor such as Discover and $3.00, I believe; if you leave $2.99 to report they report zero.  I'm sure other creditors have their minimums as well.

[Thomas_Thumb]

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@Anonymous wrote:

I think you guys may have nailed it with the AU idea.  The account is a joint account; I co-signed on the card for someone else so it is on my report as "joint" even though it is listed as a revolving credit card.  I suppose that has to be the reason.  It does however on CCT and other monitoring services include that $242 balance as well as the $9600 credit limit into my total utilization, so I always figured it was factored into my scoring.  Good to know that going forward I can ignore this account and will just leave a small balance on one of my other revolvers.  I'm glad I figured this out now, as that $242 will be paid off and that card closed within the next few weeks and then I wouldn't have ever known.

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BBS - Just to clarify

As far as I know joint accounts are always included in Fico analysis - it is only AU accounts that are conditional under Fico 08 but, joint accounts are rare so I can't conform based on available data. THe reason for unconditional inclusion is that you actually are responsible for debt on the account as a joint designee even if you don't use it.

https://www.creditsesame.com/blog/uncategorized/authorized-user-vs-joint-credit-card-better-way-to-build-credit/

[Anonymous]

I'm not sure about that though, TT, as the data point I referenced above sort of nullifies that.  If the only account of mine that had a current reported balance above 0 was in fact this joint account, yet I took the scoring points hit, it would mean to me that FICO doesn't include this joint account with respect to aggregate utilization.

[surferchris]

Good thread - thanks everybody for the info.