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How long will the credit utilization ratio affect my score?

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I want to know if the credit card companies report the overall financial transactions to credit bureaus or just the monthly balance. My credit utilization ratio is below 10 percent. I make extra payment prior to the statement closing date every month. Is this strategy good? There's yet another thing I want to know. How long will the utilization ratio affect my score?

You have an excellent credit utilization ratio. Try to maintain this utilization ratio. Your strategy is good. Always try to make extra payments to bring down the balance.

Sub: #1 posted on Mon, 09/30/2013 - 12:09


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