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Reference

Reference

Plain-English definitions for the terms you'll encounter on your financial journey.

📖 1402 Terms Defined
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Credit Utilization💳 Debt & Credit

The amount of revolving credit you are currently using divided by the total amount of revolving credit you have available.

Credit Utilization Ratio💳 Debt & Credit

The percentage of your total available credit that you are currently using, which is a major factor in credit scores.