Author Topic: Revolving Balance Utilization?  (Read 2119 times)

rockinray

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Revolving Balance Utilization?
« on: June 21, 2014, 10:57:32 AM »
Hey guys,

How much relevance do you give this value? In the past I have not used this filter, but I am considering using it going forward.

If you use this filter, what kind of value do you set?

Thanks for any replies!

Ray

faeriering

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Re: Revolving Balance Utilization?
« Reply #1 on: June 21, 2014, 11:15:35 AM »
this one may be useful as a comparison tool.  If you look at it in relation to how much someone is borrowing for CC consolidation, it used to be a good predictor of success.  I haven't run the analysis in a while, but Ken with Lendstats used to like it esp for marginal loans.  There's been other opinions expressed that it only really works if some one is drastically changing how they manage their money so that they won't spend beyond their means.  If they do CC consolidation and don't start budgeting, they will just rack up more debt and it will be meaningless.