Chance News 51

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“Is Your Credit Too Good? Why lenders are punishing those who borrow too little and always pay on time”, by Cybele Weisser, TIME, June 22, 2009

[T]he formula for determining credit scores … looks at something called your “utilization ratio,” the total amount of credit you use vs. the amount you have available. If you have $25,000 worth of available credit and you put $5,000 on your cards every month, your utilization ratio is a healthy … 20%. But cut down that credit line to $10,000 and suddenly your ratio jumps to 50%, making you look pretty overextended.

Submitted by Margaret Cibes

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