Credit Utilisation Calculator: How Lenders See You

Why Utilization Matters

Credit utilization is the second most important factor in your credit score, making up about 30% of it. It compares how much credit you're using to your total available credit. Lenders see high utilization as a sign of financial stress, making you a riskier borrower. Keeping it low shows you can manage credit responsibly.

Tips for Low Utilization:

• Aim to keep your overall and per-card utilization below 30%. Below 10% is even better.
• Make payments before your statement closing date to report a lower balance.
• Consider asking for a credit limit increase on cards you manage well (but don't increase your spending).
• Set up balance alerts to notify you when you're approaching the 30% threshold.