The Importance of Credit Utilization Ratios
September 26, 2024 ⚊ 1 Min read ⚊ Views 22 ⚊ BUSINESSYour credit utilization ratio, generally expressed as a percentage, represents the amount of revolving credit you’re using divided by the total credit available to you. Lenders use your credit utilization ratio to help determine how well you’re managing your current debt.
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Tags: credit cards, Credit Utilization Ratios