credit limit increase how does affect score?

[bott6698]

cool llecs thanks for sharing. I could never figure this out before without being confused. I just tried it with a calculator of course and now I know all my utl and they are most def crap lol. Need to work on utl... 

[llecs]

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bott6698 wrote:

cool llecs thanks for sharing. I could never figure this out before without being confused. I just tried it with a calculator of course and now I know all my utl and they are most def crap lol. Need to work on utl... 

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You're welcome. I pull our reports freqently and on FICO's TU and EQ reports, on mine anyway on pg. 2 or 3, there are factors that impact your score. Within those factors on ours EQ and TU list the utilization percentage. At each pull, I plug the balances listed on the CR and compare their percentage to my percentage and make sure they match. It's probably not necessary to do that every time, but I did not understand this stuff in the beginning and it was a good way to see what accounts FICO is factoring and what they are not factoring.

[bott6698]

That's funny I pull my reports/scores from this site on the orman kit and the only one that gives me a utl% is TU but atleast now I can figure them out myself.

Currently

EQ 14,612/20,000 =73%

EX 32,150/37,000=87%
TU 14,612/20,000=73%

Although TU is showing 87% might be calculating a co but the balance listed on the co is not added to the balance.

Did, I calculate wrong?

[momof2]

bott

   w/your CS how on earth were you lucky enough to get a 20,000CL? mine is only $500,

[llecs]

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bott6698 wrote:

That's funny I pull my reports/scores from this site on the orman kit and the only one that gives me a utl% is TU but atleast now I can figure them out myself.

Currently

EQ 14,612/20,000 =73%

EX 32,150/37,000=87%
TU 14,612/20,000=73%

Although TU is showing 87% might be calculating a co but the balance listed on the co is not added to the balance.

Did, I calculate wrong?

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That CC CO is probably the culprit for the difference. You've got to play with the numbers a little bit. DW had a CapOne CO listed on her CR. TU used the original CL of $250 in it's calculations. EQ, on the otherhand, used the "high balance" as the CL.

You know the balance. That is the easy part. Try using the org. CL, the high balance, and the past due balance if avail. as the CL for your calculations. I bet one will work.

[bott6698]

hfc didn't have a rule of credit score until recently you have to have a 520 now. hfc very high interest and they have an internal credit score system and looks at time on job, income, etc etc.

Actually Have 1 heloc hfc 17000 and 1loc hfc 20,000.

Neither are credit cards both were much needed repairs to my home