Title: Can I Improve Credit Score with Utility Bill?
Headings: Can I Improve Credit Score with Utility Bill?
Can I Improve Credit Score with Utility Bill?
Utility Bills and Credit Reports
Key Takeaways
Credit Score Strategies

Content: Total debt owed is another important consideration. The credit utilization ratio can be influential in determining credit scores as well. The ratio measures the amount of credit used relative to the total amount of credit available (sum of all credit limits on all loans). If, for example, an individual has only used 10% of their total available credit, the ratio is relatively low and this low utilization rate will likely have a positive effect on a credit score. On the other hand, if an individual has a number of loans that have reached their credit limits—i.e., are "maxed out"—the credit utilization ratio is high and will have a negative impact on the person's credit score. Paying down account balances or asking for credit limit increases can bring down credit utilization rates.