Sentence examples for your utilization from inspiring English sources

"You need to maximize the amount of your available credit because it keeps your utilization low".

If you keep your spending steady, opening new cards — or raising the credit limit on your existing cards — lowers your utilization rate and generally lifts your score over time.

What's your utilization rate?

Again, consider your utilization ratio.

"Also, if you want to raise your credit score, keep your utilization below 10percentt.

A good rule is to keep your utilization rate to less than 30percentt.

All this will do is send your credit utilization (your available limit v. your current debt) down, further driving down your credit score.

If you have $300 of debt on your credit card and your total limit is $600, you get your credit utilization by dividing your debt with your limit.

One of the main factors of your credit score is your "credit utilization ratio," which measures your credit limit-to-balance ratio on your credit cards.

So when you close a credit card, your available credit decreases, your debt utilization ratio increases and your credit score drops because lenders see you as more of a risk.

Part of your credit score is based on how much credit you utilize (your credit utilization score), so the more credit you have available, the higher your credit score.