What is a high balance on your credit report 2024?
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That is, the highest monthly balance you have ever owed on that credit card account or during a particular period of time as determined by the issuer. In some cases, this amount can impact your debt-to-credit limit ratio, or utilization, which contributes toward a factor worth 30 percent of your FICO score.
2023-05-07 10:01:28
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Harper Perez
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That is, the highest monthly balance you have ever owed on that credit card account or during a particular period of time as determined by the issuer. In some cases, this amount can impact your debt-to-credit limit ratio, or utilization, which contributes toward a factor worth 30 percent of your FICO score.