Finance

Credit Utilization Calculator

Find your credit utilization ratio.

Calculated Output

Utilization (%) 30

Formula: utilization = balances ÷ limit × 100

Step-by-Step Breakdown

1. Values used:

2. Total balances = 3,000 $

3. Total credit limit = 10,000 $

5. Utilization = 30%

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The math behind it

utilization = total balances ÷ total credit limit × 100. Keeping it under 30% is widely advised.

$3,000 ÷ $10,000 → 30%.

Lower better?

Generally yes — under 10% is ideal for scores.