What is credit utilisation?
Your credit use (or credit utilisation) is how much of your available credit you’re using on each of your credit accounts, as a percentage.
Using over 70% or more of your credit limit can be a sign you don't have your borrowing under control.
How does this affect your score?
Using over 70% of your credit limit might impact your credit score and the chances of providers accepting you for new credit.
The general rule is to use your credit accounts responsibly. Stay within 70% of your credit limit, make repayments, or pay it off in full – if possible each month.
What can you do next?
Manage your credit use:
- stay below 70% of your credit limit
- pay off your outstanding debt
- transfer your debt to a 0% or low-rate balance card