How Does Credit Card Utilization Impact Your Financial Health?

How Does Credit Card Utilization Impact Your Financial Health?

ByAxcess Rent

Introduction to Credit Card Utilization Ratio What Is Credit Card Utilization Ratio? Credit card utilization ratio is a metric that measures how much of your available credit you’re currently using. It’s calculated by dividing your outstanding credit card balances by your total credit limits. For example, if your credit limit is $1,000 and you have…

How to Use Your Credit Report to Improve Your Financial Health

How to Use Your Credit Report to Improve Your Financial Health

ByAxcess Rent

What Exactly is a Credit Report? A credit report is a comprehensive document that provides a detailed overview of an individual’s financial history, specifically their borrowing and repayment behavior. It serves as a financial snapshot, helping lenders assess a person’s creditworthiness before extending loans or credit. Essential Elements of a Credit Report A typical credit report includes…