Sentences with phrase «keep your credit utilization low if»

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Pay your bill on time each month and don't owe more than 30 % of your credit limit (if your card has a low limit, pay the bill before the statement closing date to keep the utilization rate as low as possible).

The usual range is between $ 100 and $ 1,000, but keep in mind that if you are actually going to use this card, then maintaining favorable utilization on a low credit limit is going to be challenging.

If you add another card with a credit limit of $ 5,000 while keeping your debt the same, you lower your utilization rate to a respectable 25 % (2,500 / 10,000).

So if you keep that credit utilization ratio low and don't miss any payments, you will be on your way to a great score.

If you're committed to keeping your credit utilization ratio low, call your credit card helpline, ask when your credit activity is reported, and make sure to pay your balance before that date.

What this means is keeping your credit utilization low — most experts recommend below 30 % — e.g. if you have a $ 1,000 credit limit, 30 % of that would be a $ 300 balance.

These actions can hurt your score if they result in higher credit utilization (percentage of balance to credit limit); therefore, you're going to want to preserve your credit lines by keeping your credit card accounts open and using them frequently — while, at the same time, maintaining low balances.

That way, if the remaining balance is $ 750 or lower, you've kept what's known as your «credit utilization» below 30 % - which is a smart way to rebuild your credit.

If the client is able to keep payments current and utilization rates low, they will be on their way to credit success.

If you use the balance transfer card correctly, you can continue to increase your credit score by keeping the utilization rate low on it as well.

Credit utilization affects your score both on the individual and combined account level, such that even if your combined utilization percentage is low, having any highly utilized cards within that combination can keep your score from being as high as it can be.

Third, you can build credit faster if you keep credit card utilization low, which means you don't have to spend your full credit limit each month.

But you don't have to charge a lot to get the credit score benefit (in fact, it's better if you keep your credit utilization low), so you could still use cash for out - of - pocket expenses and charge one or two monthly expenses, such as your Internet and electricity bills, to your credit card.

If you want to build your credit score with your credit card, you should endeavour to keep your credit utilization low.

So if you are making every single payment on time and keeping your credit utilization low, but still seeing a stagnant credit score, you may want to look at other aspects of your credit history.

So, if you've run up a high balance on a credit card with a low limit, it's wise to pay it down a little before the end of the billing period to keep the credit utilization rate low on the day it's calculated.

Yes, taking on debt can be effective if you want to build good credit quick, but you can also build good credit by keeping a low credit utilization and paying off your balances in full each month.

Credit utilization important for businesses, too — Paying your balance in full every month is ideal but if you can't manage that, keep your balance as low as possible... (See Business cCredit utilization important for businesses, too — Paying your balance in full every month is ideal but if you can't manage that, keep your balance as low as possible... (See Business creditcredit)

If you're a responsible cardholder with good or excellent credit, a higher limit can boost your credit by keeping your utilization low.

Applying and smartly utilizing credit cards can actually help you improve your FICO score and benefit you financially long - term if you pay off your credit card in full and keep your credit utilization low.

If you're committed to keeping your credit utilization ratio low, call your credit card helpline, ask when your credit activity is reported, and make sure to pay your balance before that date.