Too much confusion, does credit utilization ration calculated out of crdit cards only or it add outstanding loans balance too ?

[Mahirathore360]

CIBIL credit utilization ratio icludes which financial products is still a mystry and there are diffrent opinions of people, some says it includes only credit card and some says it include all the loans plus credit card ... i am still in doubt , Experts help i have shared two screenshots , one before i have credit card and other after having credit card , in first credit utilization was calculated on personal loans and in other only credit cards are used for calculation

 

[harsh_ujjwal]

CIBIL credit utilization ratio icludes which financial products is still a mystry and there are diffrent opinions of people, some says it includes only credit card and some says it include all the loans plus credit card ... i am still in doubt , Experts help i have shared two screenshots , one before i have credit card and other after having credit card , in first credit utilization was calculated on personal loans and in other only credit cards are used for calculationView attachment 2127

Get the score screen shot from transunion cibil.

 

[launchcraft]

Your credit score always include every kind of loan be it personal, car, home or a credit card.
Your credit card is also a loan, an unsecured loan.
For the calculation of credit utilization ratio overall limit of all your cards and loans are being taken into consideration.
Then they find out how much you have actually used from your overall limit.

 

[Mahirathore360]

Your credit score always include every kind of loan be it personal, car, home or a credit card.
Your credit card is also a loan, an unsecured loan.
For the calculation of credit utilization ratio overall limit of all your cards and loans are being taken into consideration.
Then they find out how much you have actually used from your overall limit.

No you are wrong, For the calculation of credit utilization ratio overall limit of all Credit cards are being taken into consideration only. Not loans

 

[Mahirathore360]

Your credit score always include every kind of loan be it personal, car, home or a credit card.
Your credit card is also a loan, an unsecured loan.
For the calculation of credit utilization ratio overall limit of all your cards and loans are being taken into consideration.
Then they find out how much you have actually used from your overall limit.

do you know SSV from Techno fino community ? he told me yesterday that only revolving credit is taken into consideration

 

[harsh_ujjwal]

do you know SSV from Techno fino community ? he told me yesterday that only revolving credit is taken into consideration

Yeah revolving credit is taken into consideration fr calculating CUR.

But outstanding of PL does affect credit score.

 

[Mahirathore360]

Yeah revolving credit is taken into consideration fr calculating CUR.

But outstanding of PL does affect credit score.

yeah you are right