To maintain a healthy credit score, individuals should utilize less than 30% of their available credit. For example, if a credit card has a $6,000 limit, the monthly charges should be kept to $1,800 or less.

Authors

• Person: Not available Organization: Champlain College
  Financial Rules of Thumb: Your Money Management Cheat Sheet

Sources

• Financial Rules of Thumb: Your Money Management Cheat Sheet www.champlain.edu Champlain College via serper

Referenced by nodes (2)

• credit score concept
• credit card concept