Your credit utilization ratio is determined by taking the amount you owe on a credit card and dividing it by your credit limit. Credit utilization is an important factor in your credit score. Most ...

Your credit scores can wax and wane a bit like the moon, changing frequently as your credit accounts and balances change. However, big changes to your credit scores could be an indication that ...

A high credit score unlocks a bunch of benefits. You can get a lower interest rate on any loan and qualify for better financing. Mortgage lenders will look at your FICO score before determining how ...

What Is Credit Utilization? Your credit utilization ratio or rate is a measure of how much of your available credit you're using. It's calculated by dividing your credit card balance by the credit ...

Even if you're not alarmed by high utilization, creditors will be. Statistically, people with high utilization are more likely to miss payments or even default on their debt. That makes them riskier ...