Revolving debt ratio, or credit card utilization percentage, is - TopicsExpress



          

Revolving debt ratio, or credit card utilization percentage, is defined as your total credit card balances divided by your total credit card limits. This component of the FICO scoring model is responsible for 30% of your credit score. The higher your credit card utilization, the lower your credit score. To impact this category of your credit score, pay your credit card balances down to 10% of the limit!
Posted on: Mon, 30 Sep 2013 20:37:18 +0000

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