Sentences with phrase «utilization calculations use»

Revolving and installment utilization calculations use the following formulas to measure your credit usage, with lower percentages always being best for your score:

Not exact matches

Credit bureaus use your credit utilization ratio as part of the calculation to find your credit score.

Amounts owed (30 percent of your score) Another set of scoring calculations where you essentially can't have too much of a good thing are those factors that measure how much of your available credit you're using: credit card utilization (balance / limit ratio).

In the case of credit utilization, that can mean using roughly less than one - third of your available credit at any given time, since a credit utilization rate is considered in the scoring calculation.

Your credit utilization is used in the calculation of your score.

Then, going forward, you'll want to continue reducing those balances further, using these same calculations until your individual and combined utilization percentages fall within the 1 - 9 percent range.

Credit utilization is simply a calculation of how much of your credit you are currently using.

Regardless of the type used, information like an individual's account payment history, number of accounts open and used, credit utilization percentage, and any negative credit issues are all included in the calculation of one's credit score.

Charge card and credit card scoring impacts One thing you may also be referring to with your comment about the role of previously reported debt, is how past charge card balances were used in the early years of credit scoring to include charge cards along with credit cards in revolving utilization calculations.

Tip: Using a charge card for large purchases can help reduce the impact on your credit score, as charge cards are excluded from utilization calculations.