High balances are a sign that you may be overextending your credit card use, which could result in an inability to repay the debt if you had a financial setback.
As a rule, you never want the total of your balances to be more than 30 percent of the total of your credit limits.
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Hope that helps, and leave any questions you might have in the comments section!Ideally, it is best to pay your balance in full each month and not carry a balance at all.In fact, people with the best credit scores have utilization rates of less than 10 percent.For example, if your total credit limit is ,000, your total revolving balance shouldn’t exceed ,000.The same applies to the individual balance on each card, which shouldn’t be higher than 30 percent of that card’s credit limit.