What is considered in utilization?

Anonymous · ‎08-08-2009

I need a reminder. What all is considered in the utilization calculation? It's just revolving correct? I have a HELOC but it's listed as a Mortgage account. So this one isn't hurting my score if it's close to limit, correct??

haulingthescoreup · ‎08-08-2009

Just revolving (CC's and lines of credit) where the CL is under a certain figure. This varies by bureau and seems to be between $35 and $50K. I had a card with a $32K CL, and it was still factoring in.

If your HELOC has a high enough CL, it's being excluded. Mine has a $50K limit, and it is NOT included in my util.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

Anonymous · ‎08-08-2009

Thanks. My HELOC limit is only $7500 so it's probably included. Also, are closed accounts which show a limit included?