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jbhenrietta
Posts: 72
Registered: ‎03-09-2009
Re: Help in understanding debt to credit ratio and the effects on scores

Hauling-Thank you so very much for replying to my message. I have so many questions. Here is the following that I copied and pasted and trying to get more info.

 

"A" balance is correct, and high credit should be the same, $1,854.00 (new loan, no payments reporting yet)

 

Account Number:

XXXX Current Status:

PAYS AS AGREED 

Account Owner: Individual Account. 

High Credit: $700

Type of Account : Installment

Credit Limit: $0

Term Duration: 24 Months 

Terms Frequency: Monthly (due every month) 

Date Opened: 06/2008  

Balance: $1,854

Date Reported: 02/2009 

Amount Past Due: $0

Date of Last Payment: 02/2009 

Actual Payment Amount: $0

Scheduled Payment Amount: $90

Date of Last Activity: 02/2009 

Date Major Delinquency First Reported:  

Months Reviewed: 8

Creditor Classification:  

Activity Description: N/A

Charge Off Amount: $0

Deferred Payment Start Date:  

Balloon Payment Amount: $0 Balloon

Payment Date:   Date Closed:   Type of Loan: Unsecured  Date of First Delinquency: N/A Comments:  

 

"B" balance should be $0 

Account Number: XXXX

Current Status: PAYS AS AGREED 

Account Owner: Individual Account. 

High Credit: $258

Type of Account : Installment

Credit Limit: $0 Term

Duration: 6 Months 

Terms Frequency: Monthly (due every month) 

Date Opened: 11/2008  

Balance: $172

Date Reported: 01/2009 

Amount Past Due: $0

Date of Last Payment: 01/2009 

Actual Payment Amount: $0

Scheduled Payment Amount: $43

Date of Last Activity: 01/2009 

Date Major Delinquency First Reported:   Months Reviewed: 2 Creditor Classification:   Activity Description: N/A Charge Off Amount: $0 Deferred Payment Start Date:   Balloon Payment Amount: $0 Balloon Payment Date:   Date Closed:   Type of Loan: Note Loan  Date of First Delinquency:

N/A