The credit scoring companies believes that anyone with high credit utilization ratio may likely be stressed out financially. (myfinancekits.com)
Regardless of the specific reason behind high credit card balances, one fact is certain: Consumers with high credit utilization rates are statistically more likely to make future late payments or default. (thesimpledollar.com)
However, the adverse effect of high credit utilization can be easily corrected. (myfinancekits.com)