Submitted by Mr_shiftteam t3_yikquk in personalfinance
t-poke t1_iuj69ib wrote
Reply to comment by barrycarter in Credit utilization beginner by Mr_shiftteam
Utilization has no memory. Your utilization in October won't mean a thing in November.
If you're not planning on applying for anything, then you don't need to worry about it. If you plan on applying for something, then pay down to zero right before your statement cuts so a zero balance is reported.
But the idea that you need to stay under 30% every month is completely false.
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