imagine your only available credit is a credit card with a limit of $2000. if you have a balance of $750 what is your credit utilization percentage??
How much should you spend on a $2000 credit limit? According to the Consumer Financial Protection Bureau experts recommend keeping your credit utilization below 30% of your available credit. So if your only line of credit is a credit card with a $2000 limit that would mean keeping your balance below $600. Is 2500 A good credit limit?