If my credit utilization ratio for one month is 18% then 30% the following month. Could that lower score due to higher utilization? Thanks
The credit utilization ratio difference between the two months may have an effect on your credit score. However, it may not cause a serious blow on your score because you are below the 60% usage which in most cases lowers your score.
No I think 30% usage is actually better for your score and paying more than the min helps. 60% usage or more lowers your score.
Yes debt ratio is figured by how much debt your in not how much debt you have in your card so if one month you over spent that is correct
Yes, a large part of your score is based on utilization. The good news is if the 30% was just for that month, your score will recover.