Credit utilization is the second most important factor in your credit score after payment history.
What is Credit Utilization? Percentage of credit limit you're using.
Ideal Utilization Best : Under 30% Good : 30 50% High : 50 80% Danger : Above 80%
Tips to Improve 1. Pay before statement date 2. Request credit limit increase 3. Use multiple cards 4. Set balance alerts
StatementGPT's Credit Health Score analyzes your utilization automatically.