NewInvesting··9 min
Your Credit Utilization Is a Snapshot Taken on a Date You Probably Don't Know
Card issuers report your balance shortly after the statement closes, not after you pay. So someone who pays in full every month and never carries a dollar of interest can still be scored as though their cards are nearly maxed. The fix is a calendar change, not a spending one.
credit scorecredit utilizationpersonal finance