whenigrowup356, 9 months ago Utilization has a short term effect on your credit score, ie one month with high utilization might temporarily cause your score to go down. Going back to normal utilization the next month will bring your score back to normal range, and the effect is mitigated by having a longer history. This is mostly just important if you’re planning something big like financing a car/home.
Utilization has a short term effect on your credit score, ie one month with high utilization might temporarily cause your score to go down.
Going back to normal utilization the next month will bring your score back to normal range, and the effect is mitigated by having a longer history.
This is mostly just important if you’re planning something big like financing a car/home.