Trying to reach the recommended 30 percent credit utilization ratio can feel like an overwhelming task when the majority of your monthly payment goes to cover high interest. (wisebread.com)
For example, if you have a credit card with a $ 5,000 limit and you've charged $ 1,500 on it, that's a 30 percent credit utilization rate. (theeverygirl.com)
This equals out to a 10 percent credit utilization ratio. (studentloanhero.com)