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Valued Contributor
Posts: 1,699
Registered: ‎08-18-2007
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collective utl% on all CC vs individual utl% for each CC

which is more important in scoring? thanks
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Posts: 2,050
Registered: ‎04-17-2007
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Re: collective utl% on all CC vs individual utl% for each CC



oracles wrote:
which is more important in scoring? thanks

That info seems to be part of the FICO mystery, as far as I know.  I would focus more on having low util on the individual CCs, and then you'll also be low overall.
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9.4.2011: TU 805. EQ 815.
Moderator Emeritus
Posts: 9,252
Registered: ‎03-19-2007
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Re: collective utl% on all CC vs individual utl% for each CC

I have played with this.

I get dinged the same having one card over 80-90% with an overall UTL of 30% as I did with an overall utl of 80%.

I had a increase when UTL on all cards were under 50% UTL even though the amount of revolving debt had not increased.

I had another BIG jump when Overall UTL was under 30% and nothing was over 50% UTL.

I find out this week when all accounts are under 10% with 4/6 with a balance.

IMHO- you will get -points for having high utl on any revolving account.

This has been a major issue with Crap One-
The CRA's are subtracting points even though you are not even close to your credit limit-
Member
Posts: 6
Registered: ‎08-15-2007
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Re: collective utl% on all CC vs individual utl% for each CC

I recieved notification from Cap One that they will be starting to report max limit soon.  Can anyone else confirm this?
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Re: collective utl% on all CC vs individual utl% for each CC



mario_de wrote:
I recieved notification from Cap One that they will be starting to report max limit soon. Can anyone else confirm this?





Yes - by the end of the year.
Valued Contributor
Posts: 1,699
Registered: ‎08-18-2007
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Re: collective utl% on all CC vs individual utl% for each CC

Actually they said January but did not give a year. so you never know lol
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