Adding another credit line
Updated: Apr 9, 2019
You can try adding another credit line to your credit report, which could help your overall credit utilization because more credit is available to you. The key here is to add this new form without using more that 5% of its available credit. If you decide to use it and are charged more than 30%, it could have a negative impact on your score because it’s now raising the overall utilization of all available credit.