utilization rate Archives | Pasadena Bankruptcy Attorney

13 07, 2018

Four Ways to Lower Your Credit Card Utilization Rate
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Four Ways to Lower Your Credit Card Utilization Rate

Lpmadmin2023-07-22T12:03:44+00:00

Here are 4 ways you can keep your utilization rate at a maximum of 30% of your credit card limit: Transfer Debt Pay Down Existing Balances Increase Your Limits Open Another Card Transferring Debt You can distribute your debt among all your credit cards, so that the balance on all of them is below 30% […]

Four Ways to Lower Your Credit Card Utilization RateLpmadmin2023-07-22T12:03:44+00:00

15 06, 2018

What is a utilization rate and how does it affect your credit score?
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What is a utilization rate and how does it affect your credit score?

Lpmadmin2023-07-22T12:09:54+00:00

A utilization rate is simply the balance-to-limit ratio of your credit cards. You will want to keep all your credit card balances at a maximum of 30% of your credit card limit. Since credit scores change day-to-day, your credit card balance can appear higher on one day than another, say the day that you pay […]

What is a utilization rate and how does it affect your credit score?Lpmadmin2023-07-22T12:09:54+00:00