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eng1991
Posts: 36 Forumite
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Comments
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It depends.
Do you carry a balance or clear in full each month?
If you're carrying a balance then the utilisation will carry on, if you clear in full then it's cancelled out by the payment.0 -
Is it on a 0% interest promo?
If so then it's less of an impact than one that isn't.0 -
That is quite a lot of the available credit you are carrying from month to month. A lender may be concerned by that, although ultimately it would depend on their lending criteria. Do you have any other active credit accounts?I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job
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The max is generally 50% utilisation
Obviously the lower, the better.0
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