What the Heck is Credit Utilization?
Everyone probably knows what a credit score is, but most have no idea why they have the score they do. Its pretty intuitive that if you dont pay your bills on time or find yourself in bankruptcy, foreclosure, or in other serious default with your creditors, your credit score will plummet. However, there are millions of Americans who pay all of their bills on time (and always have) and still have a crummy credit score.