cancel
Showing results for 
Search instead for 
Did you mean: 

Less than 1% Uti - reports how?

tag
Anonymous
Not applicable

Less than 1% Uti - reports how?

Like I said in the subject...

 

I have a PenFed right now that has a $10.31 balance on it for the statement and a $9500 limit... since $95 is 1% and my reporting balance is almost 1% of that 1%...does it still report as 1% or as 0%?

 

As this is the only card (out of 4) reporting anything (plus SL and a mortgage)...does it really matter if I let it report as long as it is under $900? (and will ideally be under $95 at all statements)?

 

Hope that makes sense =)

 

Thanks all!

Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: Less than 1% Uti - reports how?

Hi Peach,

 

Utilization is rounded up.

 

So, anything over zero but under 1% will report as 1%.

 

Good work on keeping those balances down! 

Message 2 of 3
CrdtLrnr
New Contributor

Re: Less than 1% Uti - reports how?

Agreed!  Great work!

Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.