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* ***Amounts Owed (30%):*** This refers to the amount of **debt** you have relative to your available **credit**. This is often referred to as your credit utilization ratio. Ideally, you want to keep your **credit** utilization low, preferably below 30%. For example, if you have a **credit** card with a $1,000 limit, you should aim to keep your balance below $300. The lower the utilization, the better. High utilization signals to lenders that you're overextended and at a higher risk of not being able to repay your **debt**. Pay down your existing **debts** to improve your score.
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