Personal Finance » Credit Cards » Credit Card Basics » Video: What Is Credit Usage?

Video: What Is Credit Usage?

Credit usage is a term you’ll hear mentioned as a part of many credit scoring models. Since it’s often an important factor that lenders consider when evaluating the extension of new credit, you’ll want a solid understanding of what yours is and how it fits into your credit scores overall.

Curious to learn more about specific accounts? Watch a video on open installment accounts here.

Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, or other company, and have not been reviewed, approved or otherwise endorsed by any of these entities. All information, including rates and fees, are accurate as of the date of publication.