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A Canadian's Guide to Money-Smart Living (2019) by Kelley Keehn. I don't know her degrees or qualifications.

I first read this on p 94, but it looks like the same as p. 98 in 2015 edition that you can download.

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I asked another question about point 4 in this passage, but with this question I am specifically asking about the following statement:

I know it sounds bizarre, but the system cannot seem to distinguish between having credit and using credit.

I don't know much about computers, but is it true? With all this technology, why can't they distinguish?

marked as duplicate by RonJohn, Aganju, Bob Baerker, Rupert Morrish, JoeTaxpayer Jul 12 at 2:05

This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.

  • 1
    Didn't you asked the same question 19 hours ago? – RonJohn Jul 8 at 4:04
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    @RonJohn I edited this question to make it clearer how this question is different from the other question. – Ben Miller Jul 8 at 4:57
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    @BenMiller my answer to his previous question makes clear that they do distinguish between having and using. money.stackexchange.com/a/110979/22266 – RonJohn Jul 8 at 5:15
  • @BenMiller thanks!! – Mark da Silva Jul 8 at 5:20

It is not true that the credit scoring/reporting system cannot tell whether or not you are using your credit.

On your credit report, each of your credit accounts reports on a monthly basis both what your available credit is and what your current balance is (how much you owe). The amount you owe divided by the total amount of available credit is called your credit utilization, and it is indeed a factor in your credit score.

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