You might know about credit scores, but what is a credit utilization ratio and why does it matter to Canadians? Learn how it affects your personal finances. This article is 1 year old. Some details ...

Your credit scores can wax and wane a bit like the moon, changing frequently as your credit accounts and balances change. However, big changes to your credit scores could be an indication that ...

If you've ever read about how credit scores work, you've probably heard about credit utilization. This is the ratio between your credit card balances and their credit limits. For example, if you have ...

It's crucial that you can recognize when your credit card debt is excessive and understand how to regain control.

Once upon a time, not too long ago but also a lifetime ago, borrowing money mostly went like this: “You’d put on a suit, go into the bank and fill in a loan application,” recalls Margaret Johnson, ...

Do you know someone with a habit of maxing out their credit cards? Someone who seems to perpetually carry an immense balance on their cards? Maybe it’s due to lavish shopping sprees or a drive to ...

High credit utilization means you're using many of your available credit lines. General rule of thumb says to keep your utilization under 30% (and even lower if you can). You can reduce your ...

In the world of credit scoring, credit utilization is one of the most important factors. In fact, this factor is second only to payment history in importance to your FICO score (weighing in at 30 ...

Mid-year money check: What your credit utilization says about you Your credit scores can wax and wane a bit like the moon, changing frequently as your credit accounts and balances change. However, big ...