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    Nikhil Wason

    Definitely not! Utilizing $993 out of if your $1000 credit limit simply means that you've used up 99.3% of your credit limit. This may affect your credit score in a negative way. You're probably wondering why. Well, remember that the reason why most individuals go on default is due to credit card and high loan balances. Hence, the higher your card utilization is, the higher the chances of you missing out on payments in the future. 

    If you plan on improving your score, zero out your credit card balance each month. Not only will it save you from incurring interest rates, it will also have positive impact on your credit standing. 

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