Plain-English definitions for the terms you'll encounter on your financial journey.
The amount of your credit limit that remains unused and is available for spending.
The percentage of a borrower's total available credit that is currently being used, calculated by dividing the balance by the credit limit.
The percentage of your total available credit that you are currently using, which is a major factor in credit scores.
The percentage of your total available credit that you are currently using, which significantly impacts your credit score.