Utilization and impact on credit score

[NRB525]

So the several active rental properties lead to multiple ACTIVe mortgages, right? There's the ballast, if those are personal mortgages.

[Anonymous]

---

@NRB525 wrote:

---

@Anonymous wrote:

---

@NRB525 wrote:

What is CreditCheckTotal? Are those real FICO scores? What is the scale?

39% - 46% translates to how many dollars?

---

The scale is 300 to 850 and the scores are Fico 8. It's between $88K and $103K depending on report.

ETA: Part of that total is a HELOC.

---

What is the breakdown of types of accounts? If the $100k is mostly HELOC, or the available HELOC is $1m so 10% util there, that is a monster bit of ballast.

I find it difficult to believe someone with 40% utilization on credit cards, across all credit cards, has over 800. If it's one $10k card at 40%, 10% overall on Credit Card utilization, and $100k on a HELOC that has a much larger available borrowing, now we are talking about some numbers that make sense for 800+. 

---

Don't know the breakdown, as I didn't dig that deep. I just spent a little time showing her how to browse the information and what it meant.

[Anonymous]

---

@NRB525 wrote:

So the several active rental properties lead to multiple ACTIVe mortgages, right? There's the ballast, if those are personal mortgages.

---

As I already noted, her file includes multiple mortgages.

[NRB525]

---

@Anonymous wrote:

---

@NRB525 wrote:

So the several active rental properties lead to multiple ACTIVe mortgages, right? There's the ballast, if those are personal mortgages.

---

As I already noted, her file includes multiple mortgages.

---

I understand, now. But there's a world of difference from a historical, paid off and no longer currently reporting mortgage, which is the normal assumption about an individual's credit file since the typical American has only one active mortgage at a time, if they have one at all, and having multiple significant Paying-This-Month mortgages in the file of someone who oh-by-the-way has multiple rental properties. These actively reporting mortgages are overwhelming any CC Utilization concerns in the file. So the opener, with high utilization as the topic, is not nearly the whole story

[Revelate]

HELOC's generally aren't counted against revolving utilization anymore; that change went in nearly a decade ago though FICO never disclosed the precise line as to what amount / limit it was converted to installment rather than revolving for scoring as I understand it.