Tag: utilization ratio
Your credit utilization ratio reveals how much of your total available credit you’re using at any given time. It’s measured by comparing your total current credit card balances to your total combined credit limit on all of your cards – and it has a significant impact on your credit score. These articles can help you understand how to use your credit utilization ratio strategically to your advantage to achieve the high credit score you want.
Jan 29, 2016 | Meghan Alard
We look at credit card use by state throughout the U.S. to see which consumers are using credit the right way and who is headed for financial distress.
Credit Cards, Credit Score, Debt Advice
Jan 22, 2016 | Michael Koretzky
Roughly 56 percent of Americans are using more than 2/3 of their available credit lines, meaning trouble down the road with high interest credit card debt.
Credit Cards, Credit Score
Jun 26, 2015 | Meghan Alard
A higher credit limit may make it easier to maintain the low credit utilization necessary for a high credit score, but only if you have self-restraint.