Y our credit score plays a big role in your financial life. It affects everything: getting approved for loans, opening new ...

Here's why. Find out how the right debt relief company could help you lower your credit utilization now. Credit utilization, also known as your credit utilization ratio, is essentially the ...

Credit utilization makes up 30% of your FICO Score. The lower your credit utilization ratio, the better it reflects on your credit score. On the other hand, a high credit utilization ratio can ...

Experts suggest keeping credit utilization at less than 30 percent to maintain good credit, but those with excellent credit keep it below 10 percent. Lower your credit utilization by paying off ...

To maintain a healthy credit score, it's important to keep your credit utilization rate (CUR) low. The general rule of thumb has been that you don't want your CUR to exceed 30%, but increasingly ...

So if your credit limit is $10,000 and your balance is $5,000, your utilization is 50%. Experts recommend keeping this below 30%, but the sweet spot for top scores is under 10%. Ways to lower it ...

Many consumers are thinking twice about taking on debt, while many lenders are tightening standards on credit card loans.

Canceling an account can lower the average length of your credit history and increase your credit utilization, both of which can have a negative impact on your score. While closing a credit card ...

Generally speaking, a lower utilization has a more positive impact on one's credit score than a higher utilization. When it comes to a good credit utilization ratio, having one below 30% helps ...

According to CBS News MoneyWatch, a credit utilization ratio of 50% or higher could ding your score 50-100 points, and a maxed-out ratio of 90% or more will potentially lower it by 100 points or more.