A credit utilization ratio is defined as the amount of credit used compared to the total available credit, and it is a significant factor in determining an individual's credit score.

Authors

• Person: Not available Organization: JetStream Federal Credit Union
  Master Your Personal Finance: 5 Essential Money Management Tips

Sources

• Master Your Personal Finance: 5 Essential Money Management Tips jetstreamfcu.org JetStream Federal Credit Union via serper

Referenced by nodes (2)

• credit score concept
• credit utilization ratio concept