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Credit Utilization Rate

Person Holding A Smartphone And A Credit Card, Representing The Management Of Credit Utilization.
Accounting and Finance

4 Simple Strategies to Improve Your Credit Utilization Rate

Your credit utilization is a crucial component of your credit. It’s the percentage of your balance on your general credit limit. If you’re not using any balance, your credit utilization rate is at its lowest. This means that the more you borrow from your limit, the more your credit utilization rate increases. By any means,...

arishekar 4 min read
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