Confused about my utilization

[Bman70]

So I'm at overall 7% utilization across 6 cards, and Barclay has previously listed "lack of recent installment loan information" as a negative. Since then (Jan) I took out an auto loan. Now my TU updated, about 9 points lower, and the negative listed is "loan balances to loan amounts." Revolving still at 7%. According to all I've read here, loans aren't factored into util, but Barclay is clearly associating loans with util:

[Anonymous]

Loan balances is a different metric than revolving utilization. That message you're seeing is normal, and you'll see it for the life of the loan.

[Bman70]

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@Anonymous wrote:

Loan balances is a different metric than revolving utilization. That message you're seeing is normal, and you'll see it for the life of the loan.

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The life of the loan? Damn, so a loan is a score negative whether you have one or not, Lol. I would think once you're closer to paid off, it would cease to penalize. I wonder what the proportion tipping points are, - to +, for installment loans.

[Anonymous]

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@Bman70 wrote:

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@Anonymous wrote:

Loan balances is a different metric than revolving utilization. That message you're seeing is normal, and you'll see it for the life of the loan.

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The life of the loan? Damn, so a loan is a score negative whether you have one or not, Lol. I would think once you're closer to paid off, it would cease to penalize. I wonder what the proportion tipping points are, - to +, for installment loans.

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Yes, and no. For Fico 08 and 04 classic scores below 800 it will show that message. Above 800 the message goes away and just says that you are wonderful. Other versions the message is always there. They just need to say something bad. 

[Anonymous]

Like this:

[Anonymous]

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@Bman70 wrote:

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@Anonymous wrote:

Loan balances is a different metric than revolving utilization. That message you're seeing is normal, and you'll see it for the life of the loan.

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The life of the loan? Damn, so a loan is a score negative whether you have one or not, Lol. I would think once you're closer to paid off, it would cease to penalize. I wonder what the proportion tipping points are, - to +, for installment loans.

I read on here that the key to an auto loan is to take more than you need, meaning hold back some of your down payment and then pay down a chunk of your loan immediately. Of course I just found this site after DH got a new car in Feb.

[Anonymous]

Sure hope to see this one day!  Looks great!