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Keep the Ratio of Amount Owed to Credit Line Less than 30 Percent
Keep the Ratio of Amount Owed to Credit Line (AO/CL) Less than 30% The Ratio of Amount Owed to the Credit Line accounts for 30% of your Credit Score. This Ratio measures how you manage your finances and plan for crises. Amount Owed here is not about the dollar amount you are borrowing, it is about the dollar amount you are borrowing relative to the amount available to you.
 
 
 
TIPS: Keep the Ratio of Amount Owed to the Credit Line (AO/CL) Less than 30% for each credit or charge card individually and for all cards combined.

 
 
You should have a good cushion of available credit between your current balance and your credit limits on all open trades. This will have a positive effect on your credit score. This cushion shows lenders that you are unlikely to overextend yourself financially.
The ratio of Amount Owed to Credit Line should be less than 30% for each credit or charge card individually and for all cards combined. For example, carrying a $400 balance on a $1000-Limit credit card is bad for your credit score (AO/CL=40%). Whereas, carrying a $1000 balance on a $5000-Limit credit card is OK ... more

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