what is a good credit utilization ratio 
credit scores and prospective lenders typically favor credit utilization ratios of 30 or less and the lower the better 3open end loans are useful in a variety of situations and offer flexibility that closed end loans do not at the same time some borrowers can get into an unmanageable amount of debt with them to stay out of trouble it s a good idea to keep an eye on your credit limit and try not to get too close to it 