The Raleigh area has one of the lowest credit card utilization rates among the 50 largest metros in the U.S. That’s according to a study from CompareCards.com, a financial analysis website overseen by LendingTree (Nasdaq: TREE).
The comparison of a person’s credit card balance to its available credit is called the credit utilization rate.
It’s the second-most important factor in credit scoring formulas behind payment history, according to the study authors. If a credit utilization rate…
