What is a credit utilization Ratio and why does it matter
If you’ve ever checked your credit score or applied for a loan, you’ve probably heard the term “credit utilization ratio.” This might sound like a complicated financial concept, but it’s actually one of the easiest-to-understand elements of your credit profile. Your credit utilization ratio is an important part of how lenders view your financial responsibility, and it can have a big impact on your credit score and your ability to …