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Dyshell1

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What is Credit utilization

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Utilization

Utilization is the amount of money you have used out of your entire lines of credt.  It is usually a percentage value, so if you have a credit card with a limit of $1000 and you have charged $100 on that card it will show a utiliztion of 10% when the credit card company reports to the credit bureau.  If that is your only line of credit, that is your total utilization.  If you have other cards, then it is the total of the amount charged divided by the total credit limit times 1000.

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