Mastering Your Credit: 5 Proven Strategies to Lower Credit Utilization and Improve Your Credit Score

Introduction |  Your credit score plays a crucial role in your financial health, influencing everything from loan approvals to interest rates. One of the key factors that affect your credit score is credit utilization—the percentage of your available credit that you're currently using. Keeping this ratio low is essential for maintaining a strong credit [...]

By |2025-03-07T17:49:29-06:00December 20th, 2023|Financial Strategies|Comments Off on Mastering Your Credit: 5 Proven Strategies to Lower Credit Utilization and Improve Your Credit Score

Credit Utilization

  How Credit Utilization Works Credit Utilization is a ratio of your credit card balance to credit card limit. The higher the credit utilization, the lower your credit score will be. Even though you may be paying on time, every time, it can be alarming to a creditor that you are using too much of [...]

By |2018-06-16T05:06:14-05:00January 17th, 2017|Uncategorized|Comments Off on Credit Utilization
Go to Top