Credit Score Alert: High Credit Card Utilization Can Hurt You, Even With On-Time Payments

• Your credit score depends not just on timely payments, but also on credit utilization.
• Credit utilization measures how much of your available credit limit you are actually using.
• Lenders view consistently high utilization as a sign of financial strain, even if you pay bills on time.
• Aim to keep your credit utilization below 30% to maintain a healthy credit profile.
• Strategies include making partial payments before the billing cycle closes or requesting a higher credit limit.