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Amounts owed is the second largest percentage of your credit score
A)True
B)False

User Innokenty
by
8.1k points

1 Answer

5 votes

Final answer:

The amount owed, or credit utilization, is the second largest percentage of your credit score. Paying off your credit card balance in full and keeping your credit utilization below 30% can help improve your credit score.

Step-by-step explanation:

False

The amount owed, also known as credit utilization, is the second largest percentage of your credit score. It accounts for 30% of your overall score. The lower your credit utilization ratio, the better it is for your credit score. Paying off your credit card balance in full and keeping your credit utilization below 30% can help improve your credit score.

User Brandon Moore
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8.7k points

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