Glossary term

Credit utilisation

Credit utilisation: Revolving balances as a share of credit limits. One of the fastest-moving inputs to both credit and insurance scores; under 30% helps, under 10% helps more.

Where this term matters

Guides and entries on this site that use the term.

Guide

How to Improve Your Insurance Score

The specific actions that raise a credit-based insurance score—utilisation, on-time payments, disputing errors—and how to get your insurer to re-rate.

Related terms

Credit-based insurance score

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