Sentences with phrase «aggregate credit card limit»
Credit card balances increased and the aggregate credit card limit increased for the 16th consecutive quarter.
https://www.newyorkfed.org/ Not exact matches
Aggregated credit limits and the average number of credit cards per consumer for multi-zip code cities were weighted by population.
Your credit utilization ratio is the amount you owe on your credit cards as a proportion of the total limit on each card, as well as the total limit for all of your cards in aggregate.
Trying to stay at 20 - 40 % aggregate and individual balance to limit ratios on credit cards is a good way to keep the credit risk alarms from going off.
You need to either charge less or open a few more cards so your aggregate credit limit figure dilutes your balance to the point that you're almost always under 10 %.
Keep your balances on credit cards low, ideally 7 to 10 % of the limit, balances higher than that can decrease scores.The closer the aggregate and individual account balances are to aggregate and individual limits the more the score drops.
If Jack is spreading his $ 2,000 used equally across all 4 cards, and his credit limits are equal across these cards, then he has an aggregate ratio of 20 % but also individual ratios of 20 % on each card.