Borrowing usage try a ratio that presents just how much of one’s readily available borrowing you are having fun with
Such, can you imagine you may have a charge card having an optimum limit regarding $five hundred. After the fresh new day, you’ve got racked up credit debt totaling $100. That makes their borrowing from the bank usage 20%. Try keeping your own utilization not as much as 31% to keep good credit.
Credit rating
Your credit history is when enough time you’ve been managing financial obligation. A beneficial or bad records may affect just how probably or impractical you can get a personal bank loan. (altro…)