FICO Scores calculate 'Amounts owed' based on credit utilization, which is the amount of revolving credit used relative to the credit limit.

Authors

• Person: Not available Organization: National Urban League
  Why Credit Reports and Scores Matter to Your Financial Health

Sources

• Why Credit Reports and Scores Matter to Your Financial Health nul.org National Urban League via serper

Referenced by nodes (4)

• credit utilization ratio concept
• FICO entity
• credit limit concept
• revolving credit concept