Credit Utilisation - Credit Karma

clairbear1000

Hi, I've been a member of Credit Karma for a while and its been a useful free way to review my file. I noticed my score keep fluctuating and it went down a bit for a few months but tried to think nothing of it, as i had perhaps had a slightly higher balance on a 0% card for a month or two.

When I downloaded the app today and took a more detailed look I saw they had a page on utilisation of credit an it said I had work to do as I am at 122% of my utilisation. This can't be true as I have a combined limit of 20.5K over 3 cards with a current balance of approx. 1.4K. I do however have a car on a finance agreement. I am only 8 months into a 4 year term. Is this affecting it? even then it just seems to be wrong.

I don't need any more credit now, and I have plenty of savings, I just spent such a long time fixing my report, this seems odd. Any advice?

[Deleted User]

Don't worry about it. It's just a poorly thought out calculation.
Lenders will only look at your account management, not Credit Karma's scores, ratings or utilisation calculations.