How is aggregate utilization actually calculated?

[Anonymous]

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@Anonymous wrote:

@Anonymous  I stand corrected. What crazy timing. I pulled a 1B from Experian yesterday which reflected my  Citi card going from $0 to $123 but did not reflect my CapOne going from 88% UT to 68% UT. My EX8 668 was and my EX2 was 642.

I just got my montly 3B from MF. Today my CapOne UT change hit my reports. My EX8 stayed at 668 but my EX2 is at 651. So I gained + 9 points on my EX2 just for crossing a single UT threshold on my CapOne. No other changes were in the report. 

This info proves that even on a dirty card, individual UT is worth something, sometimes. Now it’s got me wondering how many points I lost for that Citi card not reporting $0. 

Now this puts me 9 points away from the next “tier” of interest rates at 660. I’m hoping that I can have my LO do a rapid rescore on Friday. That CO that’s reporting still shows up past due and maxed, even though it’s paid. Citi is back down to $0 as of tomorrow and my aggregate UT will cross the 29% threshold once all that updates. 

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@Anonymous congratulations on your increase! What did aggregate revolving utilization change from and to with the capital one change and was that the only change on that day?

If so that would definitely seem to indicate that individual revolving utilization matters for a chargeoff. And there's no doubt utilization counts on dirty cards, it simply counts less than on clean cards, that's all.

I hope you make the next tier!

[Anonymous]

@Anonymous  Aggregate UT went from 37% down to 30%, so no thresholds crossed. I believe my point gain would have been better if that Citi card didn’t report a balance. CapOne was the only change in that report.

So I was doing some math and I think the old sleeping CO isn’t included in UT but the CO that constantly updates is. Percentage wise, I didn’t really notice it that way due to the fairly low balance. It only increases my overall UT by 1.5%. 

[Anonymous]

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@Anonymous wrote:

@Anonymous  Aggregate UT went from 37% down to 30%, so no thresholds crossed. I believe my point gain would have been better if that Citi card didn’t report a balance. CapOne was the only change in that report.

So I was doing some math and I think the old sleeping CO isn’t included in UT but the CO that constantly updates is. Percentage wise, I didn’t really notice it that way due to the fairly low balance. It only increases my overall UT by 1.5%. 

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@Anonymous How long is it been sleeping? And care to share the math?

[Anonymous]

@Anonymous  All accounts including the COs are revolving CC accounts. Here is the breakdown

Open accounts

CapOnePL $5202 / $7750

CapOneQS $0 / $1650

CapOneWM $0 / $480

Chas $0 / $5000

Citi $123 / $3000 

BoA $0 / $1000

Total without COs $5325 / $18880 = 28.2%

CO#1 $543 / $500 (last update 10/2020)

CO#2 $456 / $800 (last update 3/2017)

Total w/ both COs $6324 / $20180 = 31.33%

Total w/ open accounts + CO#1

$5868 / $19380 = 30.27%

Some things I’ve noticed....

On my 3B report, when I filter out the accounts to only show “open” accounts, CO#1 shows up along with all my open CC accounts but CO#2 doesn’t show up. This leads me to believe that only CO#1 is counting toward aggregate UT. My aggregate UT on my 3B says 30%. So in fact, looks like CO#1 is adding about 2% to my aggregate UT. 

On a positive note, I had that $123 on my Citi card refunded since I didn’t sign up for a renewal with SiriusXM. It hit today so I’m back at $0. I called Citi EO and after explaining the situation, I got them to do a mid-cycle report. So that will report back at $0 within a few days. CO#1 still hasn’t reported as paid, so I’m hoping they can rectify it during the rapid rescore, since I have the documentation. 

[Anonymous]

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@Anonymous wrote:

@Anonymous  All accounts including the COs are revolving CC accounts. Here is the breakdown

Open accounts

CapOnePL $5202 / $7750

CapOneQS $0 / $1650

CapOneWM $0 / $480

Chas $0 / $5000

Citi $123 / $3000 

BoA $0 / $1000

Total without COs $5325 / $18880 = 28.2%

CO#1 $543 / $500 (last update 10/2020)

CO#2 $456 / $800 (last update 3/2017)

Total w/ both COs $6324 / $20180 = 31.33%

Total w/ open accounts + CO#1

$5868 / $19380 = 30.27%

Some things I’ve noticed....

On my 3B report, when I filter out the accounts to only show “open” accounts, CO#1 shows up along with all my open CC accounts but CO#2 doesn’t show up. This leads me to believe that only CO#1 is counting toward aggregate UT. My aggregate UT on my 3B says 30%. So in fact, looks like CO#1 is adding about 2% to my aggregate UT. 

On a positive note, I had that $123 on my Citi card refunded since I didn’t sign up for a renewal with SiriusXM. It hit today so I’m back at $0. I called Citi EO and after explaining the situation, I got them to do a mid-cycle report. So that will report back at $0 within a few days. CO#1 still hasn’t reported as paid, so I’m hoping they can rectify it during the rapid rescore, since I have the documentation. 

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@Anonymous very interesting. Makes me wonder if a delinquent account stops counting towards aggregate utilization, say at two years (if not updating) during the scorecard change, and then it's only counted in amounts past due under payment history?

Could be plausible, it would no longer be considered recent debt after 24 months and payment history is supposed to predict default within the next 24 months, so it would seem to be a logical number and go along with the scorecard reassignment. 

keep in mind I'm just totally thinking out loud I have no other evidence for this other than what we're pondering. 

congratulations on Citibank if they do a off-cycle report. They are a tough nut to crack when it comes to that.

[Anonymous]

@Anonymous @Another update and DP. Unfortunately two things hit at once but not the way I planned.

So I haven’t been paying too much attention to EQ since it’s been my highest mortgage score. Today I got an alert from MF that my balances went down on EQ. The first update was my Citi going from $123 to $0, so I guess they did that off-cycle report! Next was CO#1. Those bastards continue to report inaccurately. So the balance on CO#1 dropped from $543 to $272 but they didn’t report it as being late for November. I have the letter they sent showing it was settled and has a $0 balance, so I’ll still need to submit that for the rapid rescore with my LO. All of that being said, I pulled a 1B from EQ today. It shows my aggregate UT down from 30% to 28%. My EQ8 went from 680 to 701 and my EQ5 went from 661 to 676. That was a BIG jump. I’m crossing my fingers that TU and EX move that much. Especially since CO#1 will show $0. 

[Anonymous]

@Anonymous Another quick DP, my Citi just reported a $0 to TU and the scores didn’t move at all. Aggregate UT stayed at 30%. 

[Anonymous]

@Anonymous First congratulations, on the score increase and on the off cycle update. That’s very rare that Citibank does that.

Well from what you’re saying it only updated the Citibank at TU and not the reduction in the amount owed on the charge off, so the maybe the reduction in charge off amount caused the award, especially since the utilization has not dropped.

When you said 28% before, that was including the reduction of the Citibank and the charge off correct? And is that your calculation or from the report?

[Anonymous]

@Anonymous  The 28% is from the EQ report. The new TU report still shows 30% and no score change at all. The only change on the TU report was the Citi account going from $123 to $0. I’m guessing once the balance reduction on CO#1 hits TU and EX, it’ll give me a nice increase due to it not being over the limit, not continuing to show late and dropping aggregate UT below the 29% threshold. 

[Anonymous]

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@Anonymous wrote:

@Anonymous  The 28% is from the EQ report. The new TU report still shows 30% and no score change at all. The only change on the TU report was the Citi account going from $123 to $0. I’m guessing once the balance reduction on CO#1 hits TU and EX, it’ll give me a nice increase due to it not being over the limit, not continuing to show late and dropping aggregate UT below the 29% threshold. 

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@Anonymous Yes that's what I understood. I should've spoken more clearly. I'm eager to learn of your update!