Credit Tip Of The Week…Debt Utilization…The Truth…!!

We are constantly asked what is the proper percentage of a balance to keep on credit cards.  The most common things that consumers have typically heard is 30%, or sometimes 50%.  Which is correct?  Is either correct?

Here is the TRUTH:

Keep all credit cards under 10% of the available credit limit, to maximize FICO score. (For even more FICO improvement, try keeping under 10% balance on one credit card ONLY…keep all other credit cards at ZERO.)

Qwest Enterprises, LLC, 2016