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"credit utilization"

From LaToya Irby,
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Definition: the amount of purchasing power you have, calculated as the total credit available divided by the total debt. Credit utilization is 30% of your credit score and is expressed as a percentage. Higher credit utilizations result in lower credit scores.

Example: credit available = $1000, total debt = $500, credit utilization = 50%

Also Known As: debt to credit ratio

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