Hi {first_name},
As, basically, a third of your credit score, this is the second most influential part of your credit score. It’s important to keep an eye on and keep control of it.
So, what exactly is your CUR? (Credit Utilization Ratio)
In basic terms, it’s the total of how much you owe on your credit cards divided by the total of the limits on those cards. It’s easier to explain with an example.
If you have five $2,000 limit credit cards, that gives you a total of $10,000 of available credit limit. If you have charged and have a balance between all of those cards of $3,000 you have a 30% CUR.
$3,000 balance total divided by $10,000 credit limit total for all cards = 0.3 multiply that by 100 to get your CUR of 30%.
What is a good CUR? A simple answer is under 30%, but see our next email for a more detailed explanation.
Sincerely,
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