Sentences with phrase «utilization percentages down»

For the second stage of your proposed balance transfer option, the Card 2 and Wal - Mart balances are transferred to Card 1, which takes Card 1 utilization back up to 93 percent and the other two card utilization percentages down to zero.

You can get your credit utilization percentage down in two ways: pay down your balance or increase your credit limit.

Not exact matches

In this economy, it's not uncommon for a person or family to rely on cards to help make it through the month, which can quickly raise their credit utilization percentage and thus bring down their credit score, regardless of whether they pay the card off in full by the end of the billing cycle.

Closing accounts will increase your utilization percentage, causing your score to go down.

When going the route you've suggested, this is how your combined and individual utilization percentages might look after using the $ 3,500 to pay off Card 1, pay Card 2 down by $ 300 and the Wal - Mart card down by $ 200.

If your credit utilization ratio, or the percentage of your credit limit you use, is too high, your score may go down.