ilmscore | Prediction Details
"Meaning, if you have $5,000 of available credit and you spend all of it, that's a 100% utilization, and that's bad. But if you open up a new credit line and now you have $10,000 of available credit while you spend the same $5,000, that's a 50% utilization rate, which is not as good, but it's not horrible."
By Graham Stephan | March 21, 2022 | Pending
From video
How To Get A PERFECT Credit Score For $0 00:08:55 - 00:09:11
Interpreted Prediction
Opening new credit lines to increase available credit can lower the credit utilization rate, even if spending remains the same, thus improving the credit score.

Prediction Details

Topic
Credit Score Improvement

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