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Revolving Utilization - No Valid Accounts?

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SChristine
New Member

Revolving Utilization - No Valid Accounts?

I have one unsecured credit card and just recently opened another secured credit card. All three bureaus are reporting that I have one account with a balance, but that I have "no valid accounts" that qualify as part of revolving utilization or my total balance on revolving utilization. Why? What does that mean?

 

Message 1 of 7
6 REPLIES 6
K-in-Boston
Credit Mentor

Re: Revolving Utilization - No Valid Accounts?

Of the one card reporting, is that the unsecured card or the new secured card?  What types of cards are these?  You are the primary or sole cardholder on the accounts?

Message 2 of 7
lns1976
Regular Contributor

Re: Revolving Utilization - No Valid Accounts?

What reporting service are you using?  Who is your secured card through?

A new card can take anywhere from a few weeks up to 120 days to start reporting.


Fico 8 3/27/2022 EX: 611
Vantage TU/EQ 3/26/2022: 613/613
Message 3 of 7
SChristine
New Member

Re: Revolving Utilization - No Valid Accounts?

It's Premier Bank Visa and is unsecured.

 

Message 4 of 7
SChristine
New Member

Re: Revolving Utilization - No Valid Accounts?

I'm not sure what you mean by reporting service. The secured card is Capital One but it's brand new, so not surprised it isn't showing yet. I've had my unsecured Premiere Bank Visa for almost a year now.

Message 5 of 7
lns1976
Regular Contributor

Re: Revolving Utilization - No Valid Accounts?

Where are you receiving your information from? I don't just mean which credit bureau, such as Experian TransUnion or equifax, but which service are you getting it through?

 

I can tell you from recent experience that if it's credit karma their information is not always accurate and does not consistently match what I get from Experian or even nerd wallet.


Fico 8 3/27/2022 EX: 611
Vantage TU/EQ 3/26/2022: 613/613
Message 6 of 7
SChristine
New Member

Re: Revolving Utilization - No Valid Accounts?

I only use myFICO.


@lns1976 wrote:

Where are you receiving your information from? I don't just mean which credit bureau, such as Experian TransUnion or equifax, but which service are you getting it through?

 

I can tell you from recent experience that if it's credit karma their information is not always accurate and does not consistently match what I get from Experian or even nerd wallet.


I only use myFICO.

Message 7 of 7
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