The percentage of your total credit limits that is actually owed is called your
A)debt limit.
B)credit availability ratio.
C)credit utilization ratio.
D)outstanding debt ratio.

Question

Quizplus · Accepted Answer

The percentage of your total credit limits that is actually owed is called your credit utilization ratio. This ratio is an important factor in determining your credit score. A higher credit utilization ratio can negatively impact your credit score, while a lower ratio can improve it.

The Percentage of Your Total Credit Limits That Is Actually