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Bankcard utilization increases dramatically for lower tiers

Published: April 21, 2015 by Carrie Janot

While the average bankcard utilization rate hovered around 20% during the last quarter of 2014, utilization rates can vary greatly when analyzed by VantageScore® credit tier.

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Lenders can play a role in educating consumers about credit scores and the impact of utilization by offering personalized credit education services.

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