Sentences with phrase «outstanding balances on all credit cards divided»
** Credit Utilization Ratio: A number of outstanding balances on all credit cards divided by the sum of each card's limit, and it's expressed as a percentage.
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To calculate your credit utilization on one particular card, divide your outstanding balance by your total credit limit.
Your credit utilization ratio is calculated by dividing the outstanding balance on all of your credit cards by the credit limit on those cards.