I have 2 closed credit cards with balances of 6000 and 4600.
I also have 13 tradelines with overall Utilization of 36% without calculating the Closed Credit Cards.
My question is am i calculating the utilization correctly? or do i have to include the balances as well against my existing credit limit?
Closed CCs are also included into revolving util provided they report a balance and a CL.
Aside from CCs, revolving util also includes LOCs and HELOCs up to a certain limit, and also includes most CO'd CCs provided they still report a balance.
ETA...if util is a pos. or neg. factor, it'll be listed within pages 2 or 3 of your FICO report.
The following is showing in the Credit Report.
notice the AMEX card is not showing any Credit Limit, but just the highest Balance it once had