topic Utilization Question in Understanding FICO® Scoring

Utilization Question

Anonymous — Wed, 02 Jun 2021 19:12:18 GMT

I've read that once a credit card reaches a certain limit ($50,000?) it is excluded from a person's total CL. If this is so, what becomes of any balance owed on that card -- is it excluded as well?

Re: Utilization Question

FinStar — Thu, 03 Jun 2021 03:44:18 GMT

In the former scoring versions, perhaps. However, not the case with F8 or F9 versions to my knowledge. If you have $50K on a single revolving bankcard it will be factored with the rest of the metrics and any utilization.

Re: Utilization Question

Anonymous — Thu, 03 Jun 2021 20:05:08 GMT

@FinStar wrote:
In the former scoring versions, perhaps. However, not the case with F8 or F9 versions to my knowledge. If you have $50K on a single revolving bankcard it will be factored with the rest of the metrics and any utilization.

Thank you.