My open balance is currently 32% of my credit limit for all my revolving accounts including authorized user lines, but experian is listing my utilization at 50%? Are they no longer counting for AU lines on utilization? Even on my lines only, excluding AU, the UT would be over 60%. Where is this 50% coming from?
They are also including my AMEX Platinum as part of my revolving balance even thought it has no credit limit so it shoots up my balance.
Hello.
I commented on this in another thread a couple of days ago and it was so frustrating at first but it seems, at least for Experian, they have decided to exclude AUs from the UTI and total limits calculations.
At first, they were showing two separate UTIs, one with AU accounts and another without it. Then they started showing the latter.
Another thing is that they are adding amounts to the total limits that I still can't figure out, I don't really know what they are including in the total limit. At first, I thought they were adding the highest balance from my Amex Gold card or limits from closed accounts, but then it still didn't add up.
I found this on the website;
Note where it says, "Any authorized user account balances are also excluded". We just have to wait and see whether the two other CRAs will do the same. So far, EQ and TU reports show my correct amount of debt and Total credit limit.
@Credit_Flavours wrote:Hello.
I commented on this in another thread a couple of days ago and it was so frustrating at first but it seems, at least for Experian, they have decided to exclude AUs from the UTI and total limits calculations.
At first, they were showing two separate UTIs, one with AU accounts and another without it. Then they started showing the latter.
Another thing is that they are adding amounts to the total limits that I still can't figure out, I don't really know what they are including in the total limit. At first, I thought they were adding the highest balance from my Amex Gold card or limits from closed accounts, but then it still didn't add up.
I found this on the website;
Note where it says, "Any authorized user account balances are also excluded". We just have to wait and see whether the two other CRAs will do the same. So far, EQ and TU reports show my correct amount of debt and Total credit limit.
Just spoke to them. They said in their report it shows 32% even though online it shows 50%. They are including AU in the balances in the report. But I'm not sure what any creditor is looking at, 32% or 50%?
@Anonymous wrote:
@Credit_Flavours wrote:Hello.
I commented on this in another thread a couple of days ago and it was so frustrating at first but it seems, at least for Experian, they have decided to exclude AUs from the UTI and total limits calculations.
At first, they were showing two separate UTIs, one with AU accounts and another without it. Then they started showing the latter.
Another thing is that they are adding amounts to the total limits that I still can't figure out, I don't really know what they are including in the total limit. At first, I thought they were adding the highest balance from my Amex Gold card or limits from closed accounts, but then it still didn't add up.
I found this on the website;
Note where it says, "Any authorized user account balances are also excluded". We just have to wait and see whether the two other CRAs will do the same. So far, EQ and TU reports show my correct amount of debt and Total credit limit.
Just spoke to them. They said in their report it shows 32% even though online it shows 50%. They are including AU in the balances in the report. But I'm not sure what any creditor is looking at, 32% or 50%?
That's great to know. Thanks for the follow up