Having one or more maxed-out accounts, for example, can drag down your score even if your overall utilization ratio is low. įrom what we have seen, individual utilization ratios, also called line-item utilization ratios, may be even more important than your overall utilization ratio. The reason for this can be explained by the importance of individual credit utilization ratios, which are the utilization ratios of each of your revolving accounts. If your focus is primarily on boosting your credit score fast, you may want to consider paying down your high-balance cards first. Now let’s delve deeper into each credit of these credit hacks.
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