is 17.71% credit available good on credit report?

Question

I checked my credit report, and on the page it said I have 17.71% credit available. Is that a good thing?

Answer 1

All that means is that out of your total available credit (credit limits on cards) that you are using 82.29% of that and have 17.17% left that is available to charge. Generally lower revolving balances indicate that you are a good credit risk. In other words it could be bad if you are using that much credit without ever paying it off. But it won't hurt if you have say a card with $1000 limit and charge it up every month with food and gas then pay it off when the bill comes.

Answer 2

It means that you are using 82.29% of all the credit you have available. That seems somewhat high to me.

The key question: what is your FICO score?

Answer 3

Under around 80% available will hurt your score. 18% is NOT good.