Your credit utilization ratio is the amount of debt you have divided by your total credit limit. Credit utilization accounts for a decent chunk of your credit score, so aim to use no more than 30% ...

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The average U.S. FICO® Score is 715, according to credit monitoring bureau Experian, where it's remained since 2023. FICO is the data analytics firm whose scoring models are used in 90% of lending ...

When it comes to personal finance (including how to get the best credit cards), your credit score plays a large role. Creditors use it as a barometer for your trustworthiness as a borrower.