i have searched for the answer to this and maybe its here and i just dont get it. ok im trying to figure out my ultilization % (still learning forgive me) ok on my most recent credit report i have a wells fargo finance for 2k with 0 balance, i have a carecredit for 3k with 0 balance both which havent been used in a couple years. i have a pennys card with a 1650 limit used 1k and a home depot with (i think) 1350 limit charged 1k as well....HD is at a 0 interest till July and will be paid off next week 
....so how do i figure my utilization? add all cc or just the 2 i use?
....so how do i figure my utilization? add all cc or just the 2 i use?
tongrad wrote:i have searched for the answer to this and maybe its here and i just dont get it. ok im trying to figure out my ultilization % (still learning forgive me) ok on my most recent credit report i have a wells fargo finance for 2k with 0 balance, i have a carecredit for 3k with 0 balance both which havent been used in a couple years. i have a pennys card with a 1650 limit used 1k and a home depot with (i think) 1350 limit charged 1k as well....HD is at a 0 interest till July and will be paid off next week
Syl is right. FICO looks at individual util and overall util. So to find overall util, add amounts owed and divide by total CL, and to find individual util, use amount owed on that card divided by CL. Hope that helps.
Overall Util is around 25% (2000 divided by 8000)
Individual Util is:
0% on Wells Fargo Finance
0% on Care Credit
60% on JCP (1000 divided by 1650)
74% on HD (1000 divided by 1350)