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collective utl% on all CC vs individual utl% for each CC

Valued Contributor

collective utl% on all CC vs individual utl% for each CC

which is more important in scoring? thanks
Message 1 of 6
5 REPLIES
Moderator Emeritus

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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Bartender, bring another round of FICOtinis please!

9.4.2011: TU 805. EQ 815.
Message 2 of 6
Moderator Emeritus

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-
Message 3 of 6
Member

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?
Message 4 of 6
Moderator Emeritus

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.
Message 5 of 6
Valued Contributor

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
Message 6 of 6