Sentences with phrase «divided by your total credit limit»
You can calculate your credit utilization ratio by adding up your total outstanding balances owed dividing it by the total credit limit across all of your open accounts.
http://www.performancesettlement.com/
«Amounts owed» looks at your total balances divided by your total credit limit.
Not exact matches
Shifting credit card balances from an existing card to another will not change the credit utilization ratio, as it looks at the total amount of debt outstanding divided by your total credit card limits.
But if you close Card C because you don't use it anymore, the combined utilization rate of the two remaining cards shoots up to 40 % ($ 800 in total balances divided by $ 2,000 in credit limits).
Together, the utilization rate for the cards is 27 % ($ 800 in total balances divided by $ 3,000 in combined credit limits).
A credit utilization ratio is calculated by dividing a credit holder's total credit card balances by their total credit card limits.
To calculate your credit utilization on one particular card, divide your outstanding balance by your total credit limit.
After all, 30 percent of your FICO score is based on your credit utilization ratio — your total credit card balances divided by your total credit card limits.
It is defined as your total open credit card balances divided by your total open credit card limits.
That gives you a utilization ratio of 25 percent — your $ 250 balance divided by your total $ 1,000 credit limit.
This measures how much available credit you are using by dividing your total credit card balances by your total credit card limits.
It is calculated by dividing your total balance by your total credit limit, and expressed as a percentage.
You can figure out your utilization rate by dividing your total credit balances by your total credit limits.
Determined by dividing total debt by total credit limits.
This percentage is calculated by dividing your total debt by your total credit limits.
On - time - payments account for 35 % of your score, while credit utilization (debt divided by total available credit limits) accounts for 30 %.