High credit utilization can be interpreted by lenders as a sign that a consumer is overextended and presents a higher risk of default.

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