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haasro03

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Credit Utilization
Hi, I'm currently using less than 1% of my available credit. I have a Secured credit card with a limit of 501 dollars, of which I'm currently using $1.06. I have a secured loan of $1000, of which i owe $745 yet. I also have a credit card on my account from work, which has a limit of $26,000, but my amount used is shown as $0.

The credit utilization feature shows that I am using less than 1% of my available credit, yet it ranks me as "C" which is for those with a much higher utilization rate. I don't get it, and apparently that has a high impact on my credit score. Can anyone shed some light?

Thank You!

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The Credit Report Card is a comparison metric to let you know how certain components of your score stack up against other members'. In general, the members with the highest credit scores have a utilization rate between 1% and 20%, so that range is an "A". Members with 0% utilization tend to have lower scores, and therefore have a utilization rate of "C". 

Hope that clears up any confusion!

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Credit Utilization

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It looks to me like they are counting your loan and card only toward your utilization. Those would put you in the 40 - 60 % range and thus the "C" score. It is pretty obvious that the $26,000 is not counted toward your personal available credit which would barely put you at 3% utilization and an "A" score. If that work account is listed on your credit report I would question the credit bureau as to why it is not being considered in your total utilization. Hope this helps.

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