topic Re: What does this mean? Experian 1B report Definition in Understanding FICO® Scoring

What does this mean? Experian 1B report Definition

Ceewin — Wed, 01 Dec 2021 04:39:04 GMT

Hello All,

I'm trying to learn all I can about scoring and I've come across very helpful info, but I'm confused about something. What does this mean?

Path-->Experian 1B Report>Items to Review

Revolving Utilization %
The percentage of your available credit being used. "Learn More"

FICO® Scores consider the percentage of your available credit being used. Generally, a higher percentage of available credit indicates lower credit risk.

Authorized user accounts aren't considered in the calculation of this attribute.

NOTE: Even if credit card balances are paid in full each month, account balances won't necessarily appear as $0 on a credit report. Instead, the credit report will reflect the account balance reported to the credit bureau by the lender, which is typically the balance from your latest monthly statement.

FICO® High Achievers (FICO® Score 8 of 785+) use an average of 6% of their available credit.

The above info was copied from the "learn more" link from the "items to review" section of the Experian 1B report. Am I understanding that AU accounts doesn't factor in scoring from what I read above? I'm confused. Below are DH's scores from the same report. He doesn't need an AU account as his scores are good but I've just added him to my Disc Chrome account. It's only about a month old account and I'm wondering how it will impact his score(s). 1B Report utilization is 2% (it hasn't changed since the report was generated). Can someone explain?

DH's scores:

FICO
Mortgage-
5,4,2=761
FICO
Auto-
5,4,2=775
8=766
9=796
FICO
Credit Cards
8=773
5,4,2=773
3=731
9-790
FICO
Other Loans
9=781

TIA!!

Re: What does this mean? Experian 1B report Definition

FireMedic1 — Wed, 01 Dec 2021 13:07:58 GMT

I wouldnt read to much into all the comments on all the credit sites. Yes some make sense at times. Most dont. AU's do get some help with their profile. People with 800+ scores get comments. Most dont make sense. In fact everybody gets comments. Personally I ignore them. Especially pay this account down $500 and your scores will go up 100 pts. As they say dont read to much into it. With DH's scores. No reason to worry at all. You can match him in time. Nice set of scores!

Re: What does this mean? Experian 1B report Definition

Ceewin — Wed, 01 Dec 2021 17:42:25 GMT

@FireMedic1 wrote:
I wouldnt read to much into all the comments on all the credit sites. Yes some make sense at times. Most dont. AU's do get some help with their profile. People with 800+ scores get comments. Most dont make sense. In fact everybody gets comments. Personally I ignore them. Especially pay this account down $500 and your scores will go up 100 pts. As they say dont read to much into it. With DH's scores. No reason to worry at all. You can match him in time. Nice set of scores!

@FireMedic1 Hello! Thanks for your response. I believe you're correct.

After I posted this question I thought maybe that's just a "note/comment" for his report alone since DH didn't have an AU account reflected at the time the report was generated. Surely, it isn't for everyone!

Thanks again!

Re: What does this mean? Experian 1B report Definition

FireMedic1 — Wed, 01 Dec 2021 18:44:54 GMT

@CeewinNo problem. Some of them are pretty entertaining and funny. Imagine here. Oh your a great poster. Rank up. Or. Your login attempts exceed your posting numbers as in util %'s. You need to post more or your ranking will drop like FICO scores. LOL!!!!!!!!! Just a joke Mods.

Re: What does this mean? Experian 1B report Definition

Ceewin — Wed, 01 Dec 2021 19:33:29 GMT

@FireMedic1 wrote:
@CeewinNo problem. Some of them are pretty entertaining and funny. Imagine here. Oh your a great poster. Rank up. Or. Your login attempts exceed your posting numbers as in util %'s. You need to post more or your ranking will drop like FICO scores. LOL!!!!!!!!! Just a joke Mods.

This--->"You need to post more or your ranking will drop like FICO scores."....seems like the SOP of CRA's lately! Too funny!!!