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Consumer Advice

Beartracks

(14,037 posts) Mon Oct 14, 2019, 08:04 PM Oct 2019

Credit scores and "credit usage" [View all]

When credit usage is calculated, is it done in aggregate across all credit cards, or on each individual card and then averaged?

That is, is the total of all balances divided into the total of all credit limits to determine the usage percent? Or, is a usage percent calced for each card first and then those individual percentages are averaged?
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7 replies

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Credit scores and "credit usage" [View all] Beartracks Oct 2019 OP

Generally it's revolving debt divided by total available revolving credit FBaggins Oct 2019 #1

Does revolving debt include "catalog" or "store" cards? Beartracks Oct 2019 #6

It does if you can keep making charges on the account FBaggins Oct 2019 #7

As per Dave Ramsey, if you have to put it on a credit card, 3Hotdogs Oct 2019 #2

Not necessarily customerserviceguy Oct 2019 #4

That does not include paying balance each month use. dixiegrrrrl Oct 2019 #5

It's aggregated customerserviceguy Oct 2019 #3

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