How Does Your Amount of Available Credit Affect Your Credit Score?

How much credit you have available is a considerable element in your FICO score. As you can see from Home Loan Credit Score, all of 30% of your score is related to how much outstanding debt you have, in contrast to to how much credit you have open . Having under 50% of your available credit open can have negative results on your credit score. It’s smart to try and keep 75% available credit, which appears to be low risk behavior and can bring up your credit Read more [...]