Comments on: Utilization: Maintaining The Right Credit Balance to Limit Ratio

By: The Mentat · Credit – Never Use It All

The Mentat · Credit – Never Use It All — Wed, 03 Feb 2010 02:45:51 +0000

[...] full article can be found here. Read and learn more about controlling your [...]

By: jOHN

jOHN — Mon, 01 Jun 2009 04:07:45 +0000

Here is the bottom line, establishing good credit means being a LOW risk. If you max out your credit cards each month, you are showing a dependency on credit! You must prove that you control the card not the other way around. Utilization is just a way for creditors to assess risk and generally staying at or below 30% of your limit is good enough. This is the first time I have heard the 25% rule. Good luck out there!

By: EpicTrendz » Blog Archive » Keep Credit Cards Under 25 Percent of Their Limits [Credit Cards]

Fri, 22 May 2009 04:35:18 +0000

[...] a trusted system for reigning in credit limits across your wallet? Tell us how in the comments. Utilization: Maintaining The Right Credit Balance to Limit Ratio [The Better Credit Blog via [...]

By: Mark Fleser

Mark Fleser — Fri, 01 May 2009 22:58:59 +0000

Does this count if I pay it off every month? Like if I have a balance of $800 on a card with a $2000 credit limit and I pay it off at the end of the month. Another thought is if I have a statement balance of $400 on that same card but after the statement is posted and I spend another $400 or $500 but pay it all off before the next statement is posted. What is this doing to my credit rating?

By: P

Fri, 01 May 2009 14:00:32 +0000

Why is $0 balance = 100% utilization?

By: Lenny

Lenny — Thu, 30 Apr 2009 21:58:51 +0000

Wow, just realized this was posted in 2007, just saw the article linked on Consumerist and Lifehacker though

By: Lenny

Lenny — Thu, 30 Apr 2009 21:58:06 +0000

Sorry if I’m dense, but do you mean to say if I ever use more than 25% of my limit (even though I pay off the balance every due date) my credit score is adversely affected?

By: The Far Edge » Blog Archive » Keep Credit Cards Under 25 Percent of Their Limits [Credit Cards]

Thu, 30 Apr 2009 21:18:04 +0000

By: VetteVert

VetteVert — Thu, 30 Apr 2009 16:15:53 +0000

Dumb question I guess…Is this just carrying a 25% balance from month to month, or actual dollars purchased? I pay my card in full every month, but sometimes spend up to 50% of the limit for a card.

By: infoyourway.com » Keep Credit Cards Under 25 Percent of Their Limits [Credit Cards]

Thu, 30 Apr 2009 14:24:34 +0000