Sep 17 • General discussion
📊 THE TRUTH ABOUT CREDIT UTILIZATION
Most people think “just stay under 30%” and you’re fine. But here’s the real deal: 30% is the bare minimum for not looking risky. If you actually want to look fundable, you need to be in the 1–7% range.
Example:
- $10,000 total limit
- $3,000 balance (30%) → still red flag 🚩
- $700 balance (7%) → lenders love it ✅
Why does this matter? Because banks don’t just want to see that you’re paying — they want to see that you’re not depending on credit.
Small balances = healthy borrower = higher approvals.
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📊 THE TRUTH ABOUT CREDIT UTILIZATION
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