what did you learn? question 4 of 10 which is the best way to lower credit utilization to an acceptable…

what did you learn? question 4 of 10 which is the best way to lower credit utilization to an acceptable level? close credit cards increase your credit card balance decrease your credit card balance apply for more credit cards

what did you learn? question 4 of 10 which is the best way to lower credit utilization to an acceptable level? close credit cards increase your credit card balance decrease your credit card balance apply for more credit cards

Answer

Brief Explanations:

Credit utilization is the ratio of credit card balance to credit limit. Decreasing the balance reduces this ratio. Closing cards can hurt credit history, increasing balance raises the ratio, and applying for more cards may not directly lower current utilization.

Answer:

C. Decrease your credit card balance