@credit8502020 wrote:
@Anonymous wrote:
10%, 30%, 50%, 70%, 90%, 100%. These are the recognized known revolving thresholds. There is also a 5% on young/thin scorecards. The magnitude of the awards varies by scorecard.
Since midpoint rounding is used, to be under a threshold you must be at <x-.5%, e.g. <9.5%, <29.5%, ect...
@Anonymous Thank you! Ok. So don't use these for a dirty scorecard?
Aggregate - 9-29% utlization, etc.
Individual card - 29-49% utilization, etc.
Thank you! When calculating my aggregate utilization, am I also including the AU account as well? I just want to make sure I'm doing the correct calculation.
Credit Card 1 - $750 - Bal - $0
Credit Card 2 - $500 - Bal - $5
Closed (But not a charge off) - $10600 (CL), $3200 (BAL) - (First Goal: is $2968 - 28%)
AU - $3700 - Bal - $0
@credit8502020 The 9s were used before clarification that revealed the thresholds are actually on 10s. People were rounding incorrectly and that led to the error.
if you'd like to know the details on how to calculate utilization, go to the Scoring Primer linked in my signature, go to post 3 amounts owed, and there is a graphic that will tell you step-by-step how to calculate aggregate utilization and as for individual it's considered to start at 30%. The text will explain in detail.
The Primer will also explain how authorized user accounts are treated; they always count on the mortgage scores and they may or may not count in version 8 and 9.
