Module 5A: How To Lower Your Credit Utilization

Credit utilization makes up nearly a third (30%) of your credit score, so it helps to focus on this area. In basic terms, your credit utilization is the amount of credit you have available versus how much you are actually using. The lower your credit utilization the better.

In this module, we will discuss strategies that may possibly lower your credit utilization.

- Credit limit increase on current credit cards

- New lines of credit

- Becoming an authorized user



5:47 Minutes