topic Agg util percentage in Understanding FICO® Scoring

Agg util percentage

Anonymous — Sat, 01 Aug 2020 13:35:55 GMT

Hello, FICO pros. Concerning how util percentage is calculated, is the amount always rounded up to the next whole number percentage point?

I'm trying to determine if say, 5 bucks on a single CC, even on 20k worth of total agg CLs, would be calculated by the algorithm at 1%, or simply rounded down to 0.

Thank you!

Re: Agg util percentage

Anonymous — Sun, 02 Aug 2020 03:07:28 GMT

It would round up. Any non-zero small reported balance constitutes 1% utilization on a 5-digit limit account. The key word is reported though. Some creditors will forgive a very small balance (say a buck or two) and report $0, thus resulting in 0% utilization.

Re: Agg util percentage

Anonymous — Sun, 02 Aug 2020 12:54:55 GMT

Ah ok good point, thank you.

Then 8 bucks should do it 8/2600 for 1%.

Re: Agg util percentage

Anonymous — Mon, 03 Aug 2020 01:53:14 GMT

Yes, without question 1%.