what did you learn? question 7 of 10 why does higher credit utilization decrease your credit score? because…

what did you learn? question 7 of 10 why does higher credit utilization decrease your credit score? because lenders are unsure of your ability to handle your account because lenders feel that you cant handle more debt because lenders feel that you are unreliable because lenders think you are able to take on more debt

what did you learn? question 7 of 10 why does higher credit utilization decrease your credit score? because lenders are unsure of your ability to handle your account because lenders feel that you cant handle more debt because lenders feel that you are unreliable because lenders think you are able to take on more debt

Answer

Brief Explanations:

Higher credit utilization indicates to lenders that they are unsure of a borrower's ability to manage their account. It implies a higher - risk situation as it shows a larger proportion of available credit is being used. This makes lenders cautious about the borrower's financial stability and repayment ability.

Answer:

Because lenders are unsure of your ability to handle your account