Sentences with phrase «high credit utilization rate»

Regardless of the specific reason behind high credit card balances, one fact is certain: Consumers with high credit utilization rates are statistically more likely to make future late payments or default.

Those with fair credit may have fairly short credit histories, a few fairly recent negative items (like delinquent payments), or a particularly high credit utilization rate.

Top 25 Cities with the Most Credit Card Debt High credit utilization rates can significantly affect the credit score of a potential homebuyer.

Otherwise, they'll end up with a higher credit utilization rate.

In fact, a high credit utilization rate actually lowers your score as it makes you look riskier.

A high credit utilization rate will lead to a higher interest rate in obtaining future credit, and thus, you will be paying extra to borrow money.

This is known in the industry as having a high credit utilization rate.

A high credit utilization rate negatively impacts your credit.

Even if you pay your monthly credit card balance, having a high credit utilization rate will make you a risky proposition to lenders, and your credit score will drop.

Lower available credit means a higher credit utilization rate if you are carrying balances on your open cards.