Credit Utilization Ratio (CUR) Calculator
Posted by Dinesh onYour credit utilization rate, sometimes called your credit utilization ratio, is the amount of revolving credit you're currently using divided by the total amount of revolving credit you have available. In other words, it's how much you currently owe divided by your credit limit. It is generally expressed as a percent.
This calculator calculates the credit utilization ratio using total of all your credit card balance, total of all your credit card limit values.
Credit Utilization Ratio Calculation
Formula:
CUR = CCB ÷ CCL
Where,CCB = Sum total of all your credit card balance,
CCL = Sum total of all your credit card limit
,CUR = Credit Utilisation Ratio