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#6: Maxed Out? Watch Out!

You may have heard that it's a good idea to keep your credit card balances below 50% of your available credit limit. But the ideal ratio is actually closer to 10%!

With lenders closing accounts and lowering credit limits for even the most creditworthy customers, it's getting harder and harder to maintain a low "utilization" ratio. FICO 08 will be even harder on consumers who get close to their credit card limits–just one more reason to pay down those balances!