Your credit score is just one part of the credit underwriting process. Most credit scores focus on your payment history, your total credit card debt and the history of your credit file. Imagine the following borrower profile:Credit Score of 750Total credit card debt of $20,000No missed payments – everTotal credit card limits of $100,000 (so, only 20% of available credit has been utilized)No collection itemsThis is an excellent borrower profile. If the borrower only makes $30,000 a year, the $20,000 of credit card debt is a big warning sign. However, if the borrower makes $300,000 a year, the $20,000 of credit card debt is a lot less worrisome.

Source: Forbes November 29, 2016 00:12 UTC