WebMar 28, 2014 · Banking site Bankitis offers a handy breakdown of the credit report codes. Here are some different status codes you might see, and what they mean: CURR ACCT: … WebJan 31, 2024 · Your credit utilization rate (CUR) is your total credit card balance divided by your total available credit. For instance, the average American has a credit limit of $22,589 on four cards and a ...
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WebUse credit cards, but keep the balances due low in relation to credit limits (remember, CUR is 30% of the FICO score). Maintain a low CUR (10% is optimal; try not to go over 30%). Object to lower credit limits, as higher balances with lower credit limits increases your CUR and hurts your credit score. WebApr 12, 2024 · Your credit utilization ratio takes the extra step of comparing that debt to your total available credit. 1 The ratio can be calculated on a card-by-card basis, but it's more common to assess your overall credit utilization ratio across all your credit cards. Alternative name: Amounts owed Note bj\u0027s maple shade new jersey
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WebOct 8, 2024 · CUR is the percentage of a credit card's available spending limit that has been used. Let me explain this with some examples 1. For instance, if your credit card limit is Rs.2 lakh and you spend Rs.100,000 per month, your CUR is 50%. 2. Your credit usage would be 0 if you never used your credit cards and had no balance on them. WebThe codes for this area are: CURR ACCT = Account is current and in good standing CUR WAS 30-2 = Account is current, was 30 days late twice PAID = Account has been paid off to a zero balance and is inactive … WebOct 25, 2024 · You can calculate credit utilization yourself using this formula: Add up the balances on all your credit cards. Add up the credit limits on all your cards. Divide the total balance by the total ... bj\\u0027s massachusetts locations