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

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)


Take the FICO Fitness Challenge
Established Contributor
Posts: 573
Registered: ‎02-12-2011
Re: Question about my Ratio of revolving accounts

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: EQ: 383 2/2011
Current Score: TU: 644 EQ: 648 EX: 6?? 2/2015
Goal Score: 700


Take the FICO Fitness Challenge
New Member
Posts: 14
Registered: ‎11-24-2012
Re: Question about my Ratio of revolving accounts

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)


Take the FICO Fitness Challenge
Established Contributor
Posts: 573
Registered: ‎02-12-2011
Re: Question about my Ratio of revolving accounts

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



Starting Score: EQ: 383 2/2011
Current Score: TU: 644 EQ: 648 EX: 6?? 2/2015
Goal Score: 700


Take the FICO Fitness Challenge
Moderator
Posts: 13,869
Registered: ‎04-15-2011
Re: Question about my Ratio of revolving accounts

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



Starting Score: 504




July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
New Member
Posts: 14
Registered: ‎11-24-2012
Re: Question about my Ratio of revolving accounts

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)


Take the FICO Fitness Challenge