We’ve made an important update to how Revolving Credit Utilization is calculated in the Creditors tab. This change was requested to provide a more accurate reflection of the client’s financial obligations based on enrolled debts only.
🔹 What Changed?
Previously:
The Utilization Rate was calculated using credit report data:
Revolving Balance / Revolving High Credit
This included all revolving debts, even those not part of the program.
Now:
The updated Utilization Rate is calculated based on enrolled debts only, providing a clearer picture of utilization specific to the debts the client is enrolling.
New Formula:
Sum of Enrolled Revolving Balances / Sum of Enrolled Revolving High Credit
This percentage is now dynamically updated whenever the list of enrolled debts changes.
🔹 Additional Changes
The original credit report-based section remains intact for reference.
Unused fields like Total Settled and Available Balance have been removed.
The new Utilization Rate is displayed in the same area where Total Settled used to appear.