To maintain a healthy credit score, it's important to keep your credit utilization rate (CUR) low. The general rule of thumb has been that you don't want your CUR to exceed 30%, but increasingly ...

improves your credit utilization ratio, and provides backup options in case one of your cards is lost or stolen. But opening too many cards without a strategy can make it harder to track payments ...

Many factors impact your credit score. Credit utilization, or the amount of credit used versus the total credit extended to you, is one of the most important factors impacting a credit score.

By increasing your credit limit, you lower your credit utilization ratio, a key factor in credit scoring. Your credit utilization ratio is your outstanding balances divided by your total available ...

If your goal is to understand your billing cycle better and learn more about how your credit utilization rate affects your credit score, it's helpful to break down exactly how the two amounts differ.

This could have a greater negative impact on your personal credit. Factors like credit utilization and on-time repayment generally won’t affect your personal credit score. These can, however ...

An applicant’s credit utilization ratio also makes up a large portion (30%) of a credit score. The credit utilization ratio is calculated by taking the total amount owed and dividing it by the ...

So long as you don’t max out both cards, the increased credit limit means your credit utilization ratio will drop, which can positively impact your credit score. That said, you may run into ...

Step 4: Reduce credit utilization Paying down your debts has the additional benefit of lowering your credit utilization ratio, the amount of credit you're currently using on revolving credit ...

the best credit repair is paying your bills on time and keeping your credit utilization low. By working with Credit Glory to help try to challenge credit errors, customers may better position ...