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How is credit utilization ratio calculated? My understanding is that both your overall ratio (total debt / total line of credit) and the ratio per account/card is evaluated. However is this done real-time, i.e. at the time that you ask for your credit score to be generated or are there records kept per month?

Utilization ratio is indeed calculated on each individual revolving account, as well as the overall revolving account balance. There appear to be different ratio breakpoints for the individual accounts vs. the overall (i.e. having one account at 56% isn't as detrimental as having your overall ratio at 56%), but because of the interaction between the two, it's hard to tell for sure.

Utilization ratio is calculated daily by the credit bureaus, based on what has been reported by the companies you hold accounts with.

Typically, credit card companies report each account once per month, and report the balance and credit line as of your cycle closing date. Some credit card companies seem to report all of their accounts at once, no matter when the account cycle date was. So if your account cycles early in the month, you may not see that updated information for close to 30 days.

Other credit card companies seem to report within a few days after the account cycles. So depending on how your credit card company chooses to report, the data being shown on your report could be anywhere from a few days old to 2 months old.

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