Closed Credit Cards with Balances impact on FICO Scoring model.
11-12-2012 09:11 PM
I have 2 closed credit cards with balances of 6000 and 4600.
I also have 13 tradelines with overall Utilization of 36% without calculating the Closed Credit Cards.
My question is am i calculating the utilization correctly? or do i have to include the balances as well against my existing credit limit?