Sentences with phrase «utilization rate first»

On the other hand, if you're trying to boost your credit score, then you'll want to pay off the card with the highest utilization rate first.

If you carry balances from month to month, you can also rebuild your credit score by paying down the cards with the highest utilization rates first, but very important you still need to make on - time payments of at least the minimum due on on all your credit cards if you choose to do this.

Not exact matches

The tariffs, which have increased frictions with U.S. trading partners worldwide and have prompted several challenges before the World Trade Organization, are aimed at allowing the two U.S. metals industries to increase their capacity utilization rates above 80 percent for the first time in years.

The researchers found that the addition of vitamin D3 to ciclesonide did not significantly reduce the rate of first treatment failure (a composite outcome of decline in lung function and increases in use of beta - agonists, systemic steroids, and health care utilization) compared with placebo; 28 percent and 29 percent of participants in each group, respectively, experienced at least 1 treatment failure during 28 weeks.

First, since your credit utilization rate is an important factor in the calculation of your credit score, focus on paying down and ultimately paying off your debt by not adding any new debt to your credit cards.

Still, you have to track your expenses regularly so you can stop charging your cards when you've already used up the ideal utilization rate and pay the bill first before starting to charge your cards once again.

By paying down the card with the highest interest rate first, you slow down your debt growth due to the interest saved, which can help pay down other balances faster, thus improving your credit utilization ratio.

For your first question: Essentially, your credit utilization rate is determined by how much debt you are carrying against your credit limit.