Outstanding Debt?

[Anonymous]

How do you get a Great in terms of outstanding debt? 

The last time I pulled my scores, mid-Feb before Experian disappeared, I had 4% overall util on my credit cards, though only 2 had balances, the balance on the 1 was at individual 32%util.  I also had a student loan for over $12K, and a little over $10K on my sole car loan.  At this point I was told my outstanding debt was "Very Good"

Now that my credit card debt is gone, and I am only allowing a small amount ot report on one CC each month, over 0, but way less than 10%.  Will I now have a Great on outstanding debt?  Does that line in what's helping your score only refer to CC's?  Or do my two installment loans figure into that as well, and if they do how do they decide how good your outstanding debt is?  

I'm not sure if I'll be pulling in March or not, but the next time my auto loan reports it should be at just about $5K.  The  student loan will still be just over $12K.

[haulingthescoreup]

I'm pretty sure that when it comes to the ratings bars, it's looking at installment (and mortgage) as well.

I have something like 1/100th of 1% util on my CC's, but I'm still at "very good." I do have a HELOC with a balance, but it's calculated in with my mortgage installment.

Anyone out there who still has noticeable balances on mortgage and installment loans, but with an "excellent"?

(BTW, I think these ratings bars are entertaining, but not very meaningful. DH's scores are in the 800's, and he also has mortgage and installment debt, and he has "very good.")

[marty56]

I have either 0% CC util or 1% CC util and both show Very Good so my auto loan and/or mortage are keeping me from being Excellent.