If a consumer has a total credit limit of $10,000, they should aim to keep their outstanding balance under $3,000 to maintain a credit utilization ratio below 30%.

Authors

• Person: Not available Organization: JetStream Federal Credit Union
  Master Your Personal Finance: 5 Essential Money Management Tips

Sources

• Master Your Personal Finance: 5 Essential Money Management Tips jetstreamfcu.org JetStream Federal Credit Union via serper

Referenced by nodes (3)

• credit score concept
• credit utilization ratio concept
• credit limit concept