Tag Archives: Utilization Ratio

10 Key Credit Score Terms To Master
Calculating credit scores is complicated, But if you understand these 9 key credit score terms, you will be well on your way to building a better credit score and a brighter, more secure financial future.

Credit score

A number (usually between about 300 and 800) that represents your creditworthiness. The lower your score, the more of a risk you are to lenders, the less likely you are...
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Understanding Your Utilization Ratio: Tactics for Success
There are five factors that are calculated into your credit score: Payment History, Utilization Ratio, Length of Credit History, New Credit, and Credit Mix. Today, we are going to focus on Utilization Ratio. Your Utilization Ratio accounts for about 1/3 of your overall FICO score  - so it is important that you understand what it is and how you can improve it. Your Utilization Ratio, also commonly...
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