Aug 25 • Personal Credit
Keep Your Utilization Low for Maximum Leverage
Credit utilization makes up (30%) of your FICO score, and it’s one of the easiest factors to control.
Here’s how lenders view it:
📌 <30%: Meets basic low risk standard
📌 <10%: Strong credit management.
📌 1–9%: Ideal. Borrowers here tend to have the highest approval odds.
Note: Many banks offer soft-pull credit limit increases every 6 months. A higher limit lowers your credit utilization without paying off extra debt.
If you have been using a credit line and paying it on time, request a credit line increase when you can (every 6-12 months). This is how you take $10K cards and turn them into $35K cards over time. Get the credit when you can even if you don't need it now!
If you don't use the credit line the bank has provided you there is no reason for them to increase your credit line.
Can you apply for a credit line increase this week?
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Keep Your Utilization Low for Maximum Leverage
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