Credit Utilisation Rate

Your credit utilisation rate is the percentage of your available credit that you’re using at a given time. For example, if you had credit cards with a combined credit limit of $30,000, with a total balance of $15,000 across these, your credit utilisation rate would be 50%.
A higher credit utilisation rate can signify difficulty in managing your finances and may negatively influence your credit score. Lenders who look specifically at your credit history will usually pay attention to this factor, too.