Sentences with phrase «even higher credit utilization ratio»

Closing out credit lines will lower your available credit, which can easily result in an even higher credit utilization ratio.

Not exact matches

Even the data shows how people with lower credit card utilization ratios tend to have higher credit scores:

You're overextended, or inexperienced Credit utilization accounts for 30 percent of your score under FICO's model, but it is possible to have a good score even if your debt - to - limit ratio is a bit high.

Even if you may have missed a few payments or have a high credit utilization ratio, there are several rewards credit cards for fair credit, or those with a FICO score between 630 and 700.

Even if your overall debt to credit ratio is good because you have other cards, the fact that the utilization rate on that one card is so high will not bode well for your credit score.

So even if you pay your card in full each month, it will appear to credit bureaus that your utilization ratio is higher than it actually is.

That helps boost your credit; even if you're making minimum payments, carrying a high balance hurts your credit utilization ratio — and that's 30 percent of your credit score.