It will usually also have significant negative impacts on the credit score of the borrower, potentially increasing the rates on other lines of credit and restricting access to new ones. (thecollegeinvestor.com)
Sometimes paying down the balances on your accounts can have a positive impact on your credit scores as well. (fidelity.com)
In general, having a high credit utilization ratio will have the biggest impact on your credit score over a longer period of time. (nationalcreditfederation.com)