Your credit utilization ratio is a measure of how much you owe on your credit cards compared with the cards’ limits. This number matters a lot. Both FICO (the credit score used in most lending decisions) and VantageScore (its main competitor) heavily weight credit utilization while calculating the scores. NerdWallet is a free tool to find you the best credit...
The article How Is My Credit Utilization Ratio Calculated? originally appeared on NerdWallet.
No comments:
Post a Comment