Do you have thousands in used credit?  Do think that this a potential hazard because of either identity theft or creditors think you will use it?  What will happen if you lower your limits.
Chances are if you have a good credit score your utilization is pretty low.  Those with excellent credit score are usually around [...]

Category: Credit Score, UtilizationTags: credit utlization, good credit score, lowering limits, Utilization | Comments (0)

The second largest part of your credit score is how much you owe.  It is defined as utilization and equates to 30% of your credit score.  The reason for such a large weight in your credit score is because lenders find that people that owe or more specifically close to their limit are a increased [...]

Category: UtilizationTags: Utilization | Comments (3)