05/30/2025
💎 Credit Tip of the Day: “The 30% Rule” 💎
Did you know that credit utilization (how much of your available credit you're using) makes up 30% of your credit score? 😱
👉 Here’s the Tip:
Keep your credit utilization below 30% of your total credit limit. For example, if you have a credit card with a $1,000 limit, try not to carry a balance higher than $300.
✅ Why It Matters:
A lower utilization rate signals to creditors that you're responsible with credit, which can help boost your score. It’s one of the easiest and quickest ways to improve your credit!