Credit utilization is the percent of your credit that you have currently used up. Your line of credit will vary depending on your eligibility and the bank/provider you choose.
A standard rule of thumb is that your credit utilization should remain below 30% at all times.
It is often said that you should use at least a little bit of your credit because zero utilization is more damaging to your credit score.
While we do not provide financial advice, if you find your credit utilization around 90% then you are toeing a dangerous line and should work on lowering that number as soon as possible.
Create Date: August 24, 2024
Last Modified Date: August 24, 2024
