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Charged-off and Utilization

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Anonymous
Not applicable

Re: Charged-off and Utilization


@dustind wrote:

I find it mildly interesting but logical that they use the current balance of $8035 and not $7500 as the account's limit. I wonder if they always use the higher of the two numbers even for accounts in good standing?

 

8035 + 145 = 8180 balance owed

8180 / (8035 + 3600) = 70.305%

If they had used $7500 + $3600 it would be 73.693% utilization.

 

But that is front end not necessarily back end.


@dustind Wow, thank you for sharing! I find that very interesting. And you're right frontend/backend. Which CMS is it?

Message 11 of 13
dustind
New Contributor

Re: Charged-off and Utilization

@Anonymous I was just commenting on the numbers from 800goal800's post about his or her MyFICO report.

Message 12 of 13
Anonymous
Not applicable

Re: Charged-off and Utilization


@dustind wrote:

@Anonymous I was just commenting on the numbers from 800goal800's post about his or her MyFICO report.


@dustind my bad I had been up too long. 

Message 13 of 13
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