Mastering Your Credit: 5 Effective Strategies to Reduce Credit Utilization and Boost Your Credit Score

Introduction | Your credit score is a critical factor that lenders use to assess your creditworthiness. A higher credit score can open doors to better financial opportunities, such as lower interest rates on loans, higher credit limits, and improved chances of approval for various financial products. One of the key components of your credit [...]

By |2023-12-20T22:12:38-06:00December 20th, 2023|Financial Strategies|Comments Off on Mastering Your Credit: 5 Effective Strategies to Reduce Credit Utilization and Boost 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
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