Maintaining a credit utilization ratio (the ratio of balance to credit limit) below 30% can improve an individual's credit score and enhance their ability to secure loans at favorable terms.

Authors

• Person: Not available Organization: Ascend Federal Credit Union
  5 Fundamental Principles of Money Management for Beginners

Sources

• 5 Fundamental Principles of Money Management for Beginners ascend.bank Ascend Federal Credit Union via serper

Referenced by nodes (3)

• credit score concept
• loans concept
• credit utilization ratio concept