Lenders and credit scoring models typically prefer a credit utilization ratio of 30% or lower because it demonstrates that a consumer is not overly reliant on credit and is managing debts responsibly.

Authors

• Person: Not available Organization: PVFCU
  How Credit Card Utilization Impacts Your Credit Score

Sources

• How Credit Card Utilization Impacts Your Credit Score www.pvfcu.org PVFCU via serper

Referenced by nodes (1)

• credit utilization ratio concept