Credit utilization impacts credit scores in the following ways: 0-10% is excellent, 11-30% is good but carries slightly higher risk, 31-50% is acceptable but may negatively affect the score, and above 50% is considered high and can significantly lower the score.

Authors

• Person: Not available Organization: Lafayette Federal Credit Union
  Understanding Credit Utilization: How it impacts your score.

Sources

• Understanding Credit Utilization: How it impacts your score. www.lfcu.org Lafayette Federal Credit Union via serper

Referenced by nodes (1)

• Credit Utilization concept