- Centurion Member
- Posts: 197
- Joined: Sun Dec 12, 2010 11:26 am
- Location: Florida
Your utilization is a ratio of DEBT:CREDIT.
Get your utilization down. You can do this by either paying down your balances (reducing the left side of the equation) or by opening new accounts (increasing the right side of the equation). You might qualify for a new card with a 0% introductory offer, so if you're carrying a balance you could get a year or so reprieve on interest. Citi and Discover each have transfer offers at the moment, but they may require a 3% fee. It's still better than 15%+ for a year.
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.