A credit score is a bit like the Da Vinci Code; it’s a serpentine web of myth and mystery that’s hard to crack. But there is a Holy Grail of sorts here too. Of all the different factors that feed into your credit score, many experts believe that there is one factor that stands above the rest in keeping your score high. The fact that this one ratio is so important is a little counterintuitive, so simply understanding its importance can unlock the higher credit score you’ve been looking for.
So what is it? It’s called the credit utilization ratio. Learn more about it in my new post on WiseBread.