 TITLE: COVID-19: Credit Utilization Drops as Consumers Cut Spending CONTENT: Shift in Utilization Shows Slowed Reliance on Revolving Credit\n--------------------------------------------------------------\nUtilization rates are based on consumers' revolving credit balances and can shift depending on how they use revolving debt over a given period of time. Though spending is always changing and utilization remains in flux, large shifts in utilization like the ones seen in recent months signify a distinct departure in consumer credit behavior. This change is confirmed when looking at consumer credit card balances, and the benefit can be seen when looking at the average credit score in the nation. END