randonie
New Member
randonie
Posts: 14
Registered: ‎11-24-2012
Question about my Ratio of revolving accounts

‎11-29-2012 03:18 PM

I just got my Fico scores from EQ and TU and I see that the rratio of my revolving balances to my credit limits is 
130%

 

Now is that because I have student loans and an auto loan and no credit cards?

I plan on getting two secure cards from different company with both limits totaling $2000-$2500 and put nothing more then a few bucks on the cards. Will this help that ratio lower?

 

Thanks!

Starting Score: 492 TU 437EQ ( November 29, 2012)
Current Score: 492 TU 437EQ ( November 29, 2012)
Goal Score: 700 (For starters)

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Frequent Contributor
sphinx313
Posts: 550
Registered: ‎02-12-2011
Re: Question about my Ratio of revolving accounts

‎11-29-2012 04:15 PM

You have no credit cards at all? How about some that charged off in the past that are still reporting that way? Something on your report is affecting your utilization and loans do not count.


Starting Score: 532/564 10/21/12
Current Score: TU: 594 EQ: 628 EX: 617 BoA Credit Pull Denial Letter 2/20/2013
Goal Score: 700

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randonie
New Member
randonie
Posts: 14
Registered: ‎11-24-2012
Re: Question about my Ratio of revolving accounts

‎11-29-2012 05:01 PM

Yea i had a Military Star Card and a secure card. 

Starting Score: 492 TU 437EQ ( November 29, 2012)
Current Score: 492 TU 437EQ ( November 29, 2012)
Goal Score: 700 (For starters)

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Frequent Contributor
sphinx313
Posts: 550
Registered: ‎02-12-2011
Re: Question about my Ratio of revolving accounts

‎11-29-2012 06:12 PM

Do these cards still have balances or are they $0?


Starting Score: 532/564 10/21/12
Current Score: TU: 594 EQ: 628 EX: 617 BoA Credit Pull Denial Letter 2/20/2013
Goal Score: 700

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Shogun
Posts: 7,375
Registered: ‎04-15-2011
Re: Question about my Ratio of revolving accounts

‎11-29-2012 11:31 PM

The new cards will help offset your util, however paying off or removing the old charge offs would decrease it greatly.

Starting Score: 504

Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
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randonie
New Member
randonie
Posts: 14
Registered: ‎11-24-2012
Re: Question about my Ratio of revolving accounts

‎11-30-2012 05:48 AM

Just the Military star card is showing a balance of $0. Also I have a USAA Credit Card thats showing up as late which is news to me. I called the bank and they said I have no account in that standing with them. So how can I get that off my credit?

Starting Score: 492 TU 437EQ ( November 29, 2012)
Current Score: 492 TU 437EQ ( November 29, 2012)
Goal Score: 700 (For starters)

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