New Member
VendingKing1
Posts: 9
Registered: ‎08-03-2012
Utilization ratio question
I'm newer, and I don't understand the utilization portion of scoring. I have a few cards, and about 14,000 in available revolving credit. One of the cards is a furniture store card, that has a 3000 limit and we bought a set that cost 4500, so we used the available limit on the card and paid the rest. So I'm using 100% of the balance ON THAT CARD, but overall I'm just using 20%{+\-} of my balance....how does that affect me? Does it score each card as how much is utilized or your total available? Thanks for helping it you can!