Utilisation of Credit and Credit Card Applications
Manage episode 366774916 series 3337992
Credit usage is an essential component of credit card application assessments that is sometimes ignored but yet significant. Utilisation of credit refers to how much of a person's available credit has been utilised in relation to their overall credit limit. Lenders and credit card providers carefully consider this number when evaluating a potential customer's creditworthiness and eligibility for approval. Read More : https://cardinsider.com/blog/role-of-credit-utilization-in-credit-card-application/
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