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Credit Utilization

Shows the share of available credit you're using, a big driver of credit scores.

Interactive inputs coming — use the formula and example below.

Ejemplo resuelto

$1,500 used on $10,000 of limits is 15% utilization.

Cómo usarla

  • Use the formula below with your own figures.

La fórmula

Utilization = balances ÷ credit limits.

Ejemplo resuelto

$1,500 used on $10,000 of limits is 15% utilization.

Preguntas frecuentes

What level is ideal?

Under 30%, and lower is better.

Does it change fast?

Yes — paying down balances can lift a score quickly.

Consejos

  • Pay more than the minimum — it changes payoff dramatically.
  • Attack the highest-rate balance first to save the most.
  • Stop adding new charges while you pay debt down.

Términos clave

Minimum payment
The smallest amount due each period.
Utilization
Balances divided by credit limits.
Consolidation
Combining debts into one loan.