Most cars have the ability to go up to 120 miles per hour, but unless you want to get a ticket, you certainly don’t want to hit that speed. Credit utilization works the same way. Your credit utilization is how much credit is available to you vs. how much of it you actually use.
View this brief, informative video from creditcards.com to learn about credit utilization and how it can affect your credit score. Click here or click on the image below to watch the video. If you prefer, cut and paste this link http://video.creditcards.com/RhE8 into your browser.