Sentences with phrase «combined credit limits»

Consumers who want a good credit score should seek to borrow no more than 30 percent of the total combined credit limits of all their cards.

You want to stay under 10 % of your total combined credit limits across all cards.

Together, the utilization rate for the cards is 27 % ($ 800 in total balances divided by $ 3,000 in combined credit limits).

If you have a combined credit limit of $ 20,000 on your credit cards, and you have $ 10,000 of credit card debt, you are using 50 percent of your available credit.

Don't close an unused card if doing so will cause your total credit card debt to balloon to more than 20 percent of your available credit (the combined credit limits on all your cards).

Maxed out credit cards hurt, it's true, but if a consumer has a combined credit limit of $ 20,000, he can have a 750 credit score (or better!)

-- then you simply add up all of your cards» balances, divide that number by the combined credit limits on your cards, and multiply by 100.

Divide the combined new balance by the combined credit limit.

For example, if you have two credit card accounts with a combined credit limit of $ 15,000 and your combined balance on both is $ 8,000, your credit utilization is 53 %.

When you combine the credit limits of all your cards, and compare that number to the amount you have borrowed, you'll get a figure called a credit utilization ratio.

For example, if you have $ 3,000 of debt and a $ 4,000 combined credit limit, your utilization ratio is 75 %.

This will reduce your credit utilization ratio: the ratio of your total debts to the combined credit limits of your credit cards.

My combined credit limit on existing credit cards in my name only is ~ $ 73k.

If getting the limit raised on an existing card isn't an option, then try to apply for the fewest number of credit cards so that the combined credit limit meets your needs.

Once again, the combined credit limit plays a part in computing the credit score.

A business owner may have several credit cards with a combined credit limit of $ 75,000, but he or she may be unable to manage more than $ 25,000 worth of debt, advises Gene Fairbrother, lead small business consultant at the National Association for the Self - Employed.