Скачать или смотреть Credit Cards For Beginners - What Is A Credit Utilization Rate?

What is a credit utilization rate? It's simply the money you are spending VS the amount of your credit limit and it's one of the factors used to compute your credit score.
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Credit scores are based on multiple factors such as unpaid debts, account age, and of course, your credit utilization rate. A CUR sounds like a complicated term, but it’s pretty simple – it’s your total credit limit divided by the actual credit you’re using.

We advise you limit your CUR to 10%. For example, if you have a total credit limit of $5,000 among all of the credit cards you have, only use $500 every month. Issuing companies will see that you’re a responsible spender which will have a positive effect on your credit score

#creditutilizationrate #creditscore #creditcardtips

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