This will improve your score over time, because people owing smaller amounts on their credit accounts are viewed as having a lower repayment risk than those who owe more. (hzcu-mortgage.org)
Moreover, people who open new accounts on a regular basis have bigger repayment risk than consumers who do not involve themselves in such practices. (syndicatemortgages.com)
Credit utilization rate has proven to be extremely predictive of future repayment risk. (myfico.com)