Aggregate vs CC Utilization

[hubbryan]

I have decreased my aggregate utilization by 10%, but my CC utilzation increased from 33% to 48%. Does aggregate utilization carry more weight than CC utilization in the calculating of your credit score? 

[GZG]

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@hubbryan wrote:

I have decreased my aggregate utilization by 10%, but my CC utilzation increased from 33% to 48%. Does aggregate utilization carry more weight than CC utilization in the calculating of your credit score? 

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I'd have to imagine the credit score impact from installment loan aggregate utilization is much, much smaller than cc utilization. 48% CC utilization is pretty high and there is probably a not-trival amount of credit score to be gained back once it's paid off

[CH-7-Mission-Accomplished]

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@GZG wrote:

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@hubbryan wrote:

I have decreased my aggregate utilization by 10%, but my CC utilzation increased from 33% to 48%. Does aggregate utilization carry more weight than CC utilization in the calculating of your credit score? 

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I'd have to imagine the credit score impact from installment loan aggregate utilization is much, much smaller than cc utilization. 48% CC utilization is pretty high and there is probably a not-trival amount of credit score to be gained back once it's paid off

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I don't see a reference to an installment account.  Am I missing something?

[CH-7-Mission-Accomplished]

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@hubbryan wrote:

I have decreased my aggregate utilization by 10%, but my CC utilzation increased from 33% to 48%. Does aggregate utilization carry more weight than CC utilization in the calculating of your credit score? 

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Do you mean that your total credit utilizatoin dropped by 10% but you incresed the utilization on one card from 33% to 48%?  I'm confused.

[hubbryan]

My aggregate utilization dropped 10%, but my credit card utilization went from 33% to 48%. 

[FireMedic1]

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@hubbryan wrote:

My aggregate utilization dropped 10%, but my credit card utilization went from 33% to 48%. 

Aggregate is the total of all cards util %. If you maxed out 1 card. That wont help anything. Score drops. How many cards do you have?

[CYBERSAM]

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@hubbryan wrote:

My aggregate utilization dropped 10%, but my credit card utilization went from 33% to 48%. 

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What is your definition of "aggregate utilization"?

I think there is a misunderstanding of what you refereeing to!

[Thomas_Thumb]

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@hubbryan wrote:

I have decreased my aggregate utilization by 10%, but my CC utilzation increased from 33% to 48%. Does aggregate utilization carry more weight than CC utilization in the calculating of your credit score? 

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Impact of aggregate and individual card revolving utilizations on score depend on whether or not utilization thresholds are crossed.

For example, individual card utilization thresholds likely exist a 29% and 49%. Going from 33% to 48% does not cross any threshold - so no point loss. However, if you went from 28% to 50% then 2 thresholds would have been crossed => point loss likely.

Likewise, aggregate utilization thresholds are thought my many to exist. Examples of some are 5%, 9% and 29%. If your AG utilization went from 18% to 8%, threshold crossed => point gain. However, if you went from 24% to 14% perhaps no point change due to utilization.

Your 10% drop in aggregate given the card increasr suggests some cards may have been paid to zero. Fico looks at # of revolving accounts with balances. Reducing accounts with balances can increase score. However, if no accounts report a balance, you will receive the "no recent revolving activity" penalty.

[SouthJamaica]

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@hubbryan wrote:

I have decreased my aggregate utilization by 10%, but my CC utilzation increased from 33% to 48%. Does aggregate utilization carry more weight than CC utilization in the calculating of your credit score? 

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There are 2 completely separate types of aggregate utilization.... revolving and installment. Your aggregate revolving utilization carries more weight.