Credit utilization
Credit utilization is how much of your available credit you are using — one of the biggest factors in your score.
Utilization is your balances divided by your limits. It makes up about 30% of your FICO score. Keeping it under 30%, and ideally under 10%, is one of the fastest ways to help your score.
Not sure how this affects your score? We'll walk through your report with you.
Mesa Group Consulting helps Bakersfield and Kern County families read their credit reports and dispute what is wrong, in English, Spanish, and Punjabi.
Related terms
Credit limit
A credit limit is the maximum you can borrow on a revolving account like a credit card.
FICO Score
A FICO Score is the most widely used credit score, ranging from 300 to 850.
Revolving credit
Revolving credit is an account like a credit card where the balance and payment can change month to month.