Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
badlands17

2 Contributions
0 People Helped
Credit Card Score?
On almost $60K of credit card limit, I have only an open debt of $128 for a utilization of 0%, The explanation says "You have the lowest credit card utilization rate found among all members", yet my score is a C. I don't understand why a C grade if I use little of my credit limit and pay off anything owed every month.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
110 Contributions
98 People Helped

Are you using just one card to make charges on and not using all of them? You should probably use all of them, if only for small purchases, to show an active credit profile with positive payment history.

Keeping this in mind, most resources suggest keeping your credit card utilization below 30 percent on each card and collectively. In addition, make sure you pay your balances on time and that the debt is something you can manage.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.