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The Truth about Credit Card Utilization

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Anonymous
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Re: The Truth about Credit Card Utilization


@Anonymous wrote:

@Anonymous 

Are there any DP's for a 39% aggregate UTI Threshold on 8 models?

This morning had 1 account update from 48% individual UTI to 46%. Aggregate UTI went from 40% to 39%. This is the only change.

EX Fico8 712-715

EX Auto8 710-713

Ex Bank8 708-712

 


@Anonymous that's the first DP I've ever heard on that and it is very interesting. Are you sure that all your revolvers are counting? @Anonymous 

Message 201 of 225
Anonymous
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Re: The Truth about Credit Card Utilization

@Anonymous 

Yes, they all seem to be counting.

To be more specific Agg UTI was 39.77% yesterday, today 39.39%

Message 202 of 225
Anonymous
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Re: The Truth about Credit Card Utilization


@Anonymous wrote:

@Anonymous 

Yes, they all seem to be counting.

To be more specific Agg UTI was 39.77% yesterday, today 39.39%


@Anonymous how many open cards do you have and how many closed? And are any of them authorized user?

Message 203 of 225
Anonymous
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Re: The Truth about Credit Card Utilization

@Anonymous  11 open, 0 closed. No AU. Cards are in my signature.

Message 204 of 225
Anonymous
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Re: The Truth about Credit Card Utilization


@Anonymous wrote:

@Anonymous  11 open, 0 closed. No AU. Cards are in my signature.


@Anonymous just for giggles recalculate utilization without the BECU for me please. I just noticed they're all in your signature. Smiley Embarassed

Message 205 of 225
Anonymous
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Re: The Truth about Credit Card Utilization

@Anonymous 

This task lacked giggles, but here you go!

 

Total CL is $40890

Agg Balance 10/28 $16262

Agg Balance 10/29 $16109

BECU  $278/1000

 

Without BECU Total CL $39890

Agg Balance 10/28 $15984

Agg Balance 10/29 $15831

40.0% Agg UTI 10/28

39.6% Agg UTI 10/29 (This is rounded up, correct?)

 

 

Message 206 of 225
Anonymous
Not applicable

Re: The Truth about Credit Card Utilization


@Anonymous wrote:

@Anonymous 

This task lacked giggles, but here you go!

 

Total CL is $40890

Agg Balance 10/28 $16262

Agg Balance 10/29 $16109

BECU  $278/1000

 

Without BECU Total CL $39890

Agg Balance 10/28 $15984

Agg Balance 10/29 $15831

40.0% Agg UTI 10/28

39.6% Agg UTI 10/29 (This is rounded up, correct?)

 

 


@Anonymous thank you for indulging me. I was concerned it was possible maybe the credit union card wasn't counting, but that's obviously not it either. It seems like there's no other explanation except for a threshold there. But it doesn't have to be a utilization threshold; it could be a balance threshold.

 

But they don't seem like even numbers, even though we don't know where they're at, I would assume they would at least be at even numbers.

 

Thank you for the data points I have to keep my eyes open and see if anyone else notices one there as well.  Community has anyone seen a threshold at these values?

Message 207 of 225
Anonymous
Not applicable

Re: The Truth about Credit Card Utilization

@Anonymous Several questions for you:

 

-Which platform are you using to check your scores - myfico or someone else?

-To confirm your clean card assumption, your payment history has 0 lates, 0 BKs, 0 PRs, 100% of accounts all paid as agreed, correct? 

-Any installments ever, or closed ones?

-No AUs by you or for you, correct?

-For new credit, you only have 1 new account and 1 INQ in last 2 years, correct?

-Is length of credit from FICO, or your calculation?

-Please indicate 2 cards with highest UT and highest CLs

 

Yes, you have high agg UT. Points are indeed deducted for that.

I feel like something important is missing; data seems to suggest your score should be higher

 


@Anonymous wrote:

@Anonymous 

This task lacked giggles, but here you go!

 

Total CL is $40890

Agg Balance 10/28 $16262

Agg Balance 10/29 $16109

BECU  $278/1000

 

Without BECU Total CL $39890

Agg Balance 10/28 $15984

Agg Balance 10/29 $15831

40.0% Agg UTI 10/28

39.6% Agg UTI 10/29 (This is rounded up, correct?)

 

 



Message 208 of 225
Anonymous
Not applicable

Re: The Truth about Credit Card Utilization

@Anonymous 

-CreditCheckTotal (Experian)

-Confirmed squeaky clean profile

-2 open Installment Accounts, 2 closed Installment Accounts

-No AU's

-2 new accounts in the last 2 years (Revolving and Installment) Both opened Aug 2020

- Inquiries are 2 TU, 1 EQ, 0 EX. All within the last 6 months.

-Cap1 QS $9500 CL, USBank REI $9000 CL

 Highest UTI- USBank REI $7442/$9000 82%

 Citi Diamond Preffered  $2978/$4460 66%

3 other cards with balances below 50%

 

Again, the USBank should update in the next couple of days at $1452/$9000 @16% UTI. This will cross a few individual thresholds. Aggregate will be down to 25%. Expecting to be close to 740 at that point. 

Message 209 of 225
Anonymous
Not applicable

Re: The Truth about Credit Card Utilization

@Anonymous I forgot to answer your question yes it is rounded up standard rounding is used.
Message 210 of 225
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