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Credit Education

Credit Utilization Rate in 2026: Definition, Calculation, and What Is a Good Ratio?

Last updated: September 2026. Data note: Credit scoring guidance in this article reflects general industry practice as of September 2026. Scoring models and issuer reporting practices can vary and change — verify specifics with your card issuer and the sources cited in the References section. Quick answer: Credit utilization is the percentage of your available revolving credit — mainly credit cards — that’s currently reported as in use. It’s calculated as reported balance ÷ reported credit limit × 100. Commonly

September 21, 2026
Borrow

When to Pay Off Your Credit Card Bill

When it comes to using a credit card responsibly, it’s important to understand when to pay off your credit card bill. Carrying a balance on your credit card may lead to high interest charges and/or potentially negatively impact your credit

April 21, 2023
A white envelope with a red stamp that reads, “Payment Due” on a blue background.
Borrow

What Happens When Debt Goes to Collections?

Anyone who has fallen behind on credit card payments, or loan payments, or other types of outstanding debt, may find their outstanding balance transferred to a debt collector. A debt collector is typically a person or agency paid by creditors

April 13, 2023
How to Prepare for a Recession | Avant
Budget

5 Ways to Prepare for a Recession

According to the Economist, a recession is a period of significant decline in economic activity. Outputs and investment suffer, as do business profits and there is typically rising unemployment. To help ensure you and your family are least affected, here

March 14, 2023
How Much Money Should Be In My Emergency Fund? | Avant
Budget

How Much Money Should Be In My Emergency Fund?

What is an Emergency Fund? An emergency fund is an easily accessible pool of money set aside in case of an urgent or unforeseen financial situation. Financial ups and downs occur naturally, so it pays to be prepared for the

March 9, 2023

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