Your credit utilization ratio is the amount of credit you use as compared to your credit card limits. Say you have a card with a $10,000 limit and your balance on it is $5,000. Your credit utilization ratio would be 50%. It’s important to keep your credit utilization ratio below 30% — both on individual cards and across all...
The article How Long Will a High Credit Utilization Ratio Hurt My Score? originally appeared on NerdWallet.
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