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I only have 2 revolving accounts, my cc and loc
Would I calculate my overall util as
cc owe 323 limit is 3500
loc owe 1985 limit is 2500
is this the correct way to caluclate this
6000/ 2308 so that leaves me utli at 38% OR
should it be calculated separately
323/3500 9%
1985/2500 79% ouch
Thanks
@nate79416 wrote:I only have 2 revolving accounts, my cc and loc
Would I calculate my overall util as
cc owe 323 limit is 3500
loc owe 1985 limit is 2500
is this the correct way to caluclate this
6000/ 2308 so that leaves me utli at 38% OR
should it be calculated separately
323/3500 9%
1985/2500 79% ouch
Thanks
Your overall utilization is the 38% . The other two are the utilization percentages for those particular accounts. Both overall and individual utilization can affect your credit score.
ok so the 79% is hurting my scores