Low utilization rate
Whats the
? Did I fall from the moon?
http://www.dansdeals.com/archives/15735?wpmp_switcher=mobile&wpmp_tp=0Quote from what
you wrote:
"-Amounts owed: 30%
This measures your credit utilization ratio. The more money you spend, the higher your utilization ratio will be, which lowers your score. The more total credit you have available, the lower your utilization ratio will be, which raises your score. So the more accounts and credit you have, the better your score will be here.
Credit utilization ratio applies for each card you have individually (don’t use too much of your credit on any card) and across all of your cards collectively. A credit utilization of about 4% or 5% individually and collectively is thought to be ideal."
So if 4-5% is ideal, then i guess 0% is not, am I wrong?