10-26-2013 08:34 AM
10-26-2013 09:30 AM
You may have to do the easy math. $debt divided by $credit lines= utilization, look for the placement of the decimal. Ex $10,000 debt divided by $100,000 credit lines= 10% utilization.
10-26-2013 09:30 AM
Your actual report from the CB isn't going to have a section where it states your UTL - you'll have to figure it out yourself. But that's really not hard to do - just add up your total available CL on your revolving accounts and your total reporting balances. OTOH, reports from Credit Karma, Credit Sesame or ScoreWatch from myFico will tell you the UTL.
Your score will take a temporary hit for the inq's and the new TLs - but like I said, it's temporary. How long the ding will last depends on the thickness of the file. Here, it sounds like you have a very thin file. Garden for the next 6-12 months and you should be fine.
10-26-2013 07:24 PM
10-27-2013 10:02 AM
Also if my Utl was at zero on all 3 reports (because I had no credit )and now just applied for and approved for 3 cc's will this hurt or help my score?
You FICO report (TU or EQ, but not EX) will show your utilization if it is a positive or negative scoring factor (see pgs 2 or 3), but it will not show if it isn't a factor. Otherwise you'll have to caluclate it on your own.
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