Wolfyy5360 Wolfyy5360
  • 23-12-2021
  • Business
contestada

how does credit utilization affect your credit score?

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GabyGroove
GabyGroove GabyGroove
  • 23-12-2021
A high utilization rate is a sign that you may be experiencing financial difficulty and is a strong indicator of lending risk. As a result, high utilization hurts credit scores and can cause lenders to be reluctant to extend additional credit
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