Sentences with phrase «credit utilization ratio over»

You reduced your credit utilization ratio over both credit cards to 40 percent, which should be a positive signal.

If you have a high credit utilization ratio over a long period of time, it signifies to lenders that you may not be reliable in paying back the money that you borrowed a timely manner.

Not exact matches

A borrower's credit utilization ratio will vary over time as borrowers make purchases and payments.

The only potential issue may be reaching the proper credit utilization ratio; however, you should prioritize making payments successfully over reaching a certain utilization ratio.

A high credit utilization ratio will lower your credit score consistently over time, and these impacts can add up in the long run.

In general, having a high credit utilization ratio will have the biggest impact on your credit score over a longer period of time.

That indicates a lot of people are way over the recommended 30 % credit utilization ratio.

Because Joe's VISA is at a $ 50 balance, which is a little over a 16 % credit utilization ratio, Joe lost potential points that he could have gained with a $ 0 limit.

If it hasn't already, it will begin to hurt your credit score, especially if your credit utilization ratio is much over 50 %.

This can be as simple as paying all your bills on time over the next 6 to 12 months, or paying off a credit card to decrease your credit utilization ratio, which will subsequently raise your FICO score.

If your credit utilization ratio is over 30 percent, prioritize paying down your credit card debts to increase your amount of available credit.

The newest FICO ® auto score examines factors like whether your credit card balances and credit utilization ratio have increased or decreased over time, not just whether you make your payments on time.

But after I saw your video on Credit Utilization Ratios I got a bit confused — is the Credit Utilization Ratio based on the balance at the end of the monthly billing cycle or is it based on the over all charges vs. the credit limit for each billing period regardless if the amount is already paid off before end of the billing Credit Utilization Ratios I got a bit confused — is the Credit Utilization Ratio based on the balance at the end of the monthly billing cycle or is it based on the over all charges vs. the credit limit for each billing period regardless if the amount is already paid off before end of the billing Credit Utilization Ratio based on the balance at the end of the monthly billing cycle or is it based on the over all charges vs. the credit limit for each billing period regardless if the amount is already paid off before end of the billing credit limit for each billing period regardless if the amount is already paid off before end of the billing cycle?

When FICO and credit bureaus like Equifax and TransUnion calculate your credit score, they consider, among many other things, how much of your available credit you have used over your credit limit, which is known as your debt utilization ratio.

Additionally, be careful accruing a balance that is too close to your credit limit, as this can be damaging to your credit score thanks to an increased utilization rate (the ratio of how much credit you are using over how much you have available).

Plus, if you've accrued large amounts of debt over time or you've come close to maxing out your credit cards, you may have a high credit utilization ratio, which is the percentage of your credit limit you actually use.

Payment history is something that can only be established over a year or more and paying down debt to lower your credit utilization ratio may take many months.

(Your utilization rate is the ratio of how much debt you're carrying over how much credit is available.)