CC UTIL

[newmom24]

HOw do you figure CC utilization? Do you include credit cards that are chargeoff or older accts? Here is my situation

CC1 CL 500/ 500 Balance

CC2 CL 300/ 100 Balance

CC3 CL 380/ 190.12 Chargeoff - revolving

CC4 CL  642/ 642 Balance Chargeoff - last report 12/05

If I am able to pay CC 1 and 2 off in 30dys and get PFD for CC's 3 and 4 how would this affect my score???

Thanks

[dangphuocloc72]

newmom24 wrote :

CC1 CL 500/ 500 Balance

CC2 CL 300/ 100 Balance

CC3 CL 380/ 190.12 Chargeoff - revolving

CC4 CL  642/ 642 Balance Chargeoff - last report 12/05

 

Message Edited by dangphuocloc72 on 09-19-2007 08:23 PM

[fused]

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newmom24 wrote:

HOw do you figure CC utilization? Do you include credit cards that are chargeoff or older accts? Here is my situation

CC1 CL 500/ 500 Balance

CC2 CL 300/ 100 Balance

CC3 CL 380/ 190.12 Chargeoff - revolving

CC4 CL  642/ 642 Balance Chargeoff - last report 12/05

If I am able to pay CC 1 and 2 off in 30dys and get PFD for CC's 3 and 4 how would this affect my score???

Thanks

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Who is reporting the charge-offs?

[Anonymous]

Balances
500+100+190+642= 1432
CL
500+300+380+642=1822
1432/1822= .7859 or 78.6% UTL

[fused]

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Timothy wrote:
Balances
500+100+190+642= 1432
CL
500+300+380+642=1822
1432/1822= .7859 or 78.6% UTL

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Depending on the age and who is reporting these two COs, they might not be factoring in her util% calculations. If they are reported by anyone other than the OC they do not factor in util % calculations.

Message Edited by fused111 on 09-19-2007 06:47 PM