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Utilisation of Credit and Credit Card Applications
Manage episode 366774916 series 3337992
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Credit usage is an essential component of credit card application assessments that is sometimes ignored but yet significant. Utilisation of credit refers to how much of a person's available credit has been utilised in relation to their overall credit limit. Lenders and credit card providers carefully consider this number when evaluating a potential customer's creditworthiness and eligibility for approval. Read More : https://cardinsider.com/blog/role-of-credit-utilization-in-credit-card-application/
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