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AACreditUnion.org | | 19 This makes up 30 percent of your FICO score, and it's basically the amount of credit you have available to you versus the amount you're actually using. "Ideally, you want to have a lot of credit available while using as little of it as possible," Wong says. In other words, you want low credit utilization. Most experts recommend keeping your utilization under 30 percent. For example, if your limit is $1,000, never carry a balance greater than $300. Learn more about credit utilization at myfi co.com. When you see your report in front of you, you get a really clear, tangible idea of what the word "credit" actually means and what your credit has in store for you. Your report outlines all of the credit cards and loans you've taken out, as well as accounts that are in good standing and whether or not you have any potential negative items. "Plus, checking your report every year is important because it helps you stay on top of fraud or incorrect information," says Wang. Know what Know what "credit utilization" "credit utilization" means. means. 4. 4. 4. Check your Check your credit report. credit report. 5. 5. $ means and what your credit has in store for you. Your means and what your credit has in store for you. Your report outlines all of the credit cards and loans you've report outlines all of the credit cards and loans you've taken out, as well as accounts that are in good standing taken out, as well as accounts that are in good standing AACreditUnion.org | AMERICAN AIRLINES CREDIT UNION Through the Credit Union's partnership with Savvy Money, member-owners have access to fi nancial education tips, can create a personalized budget and set up debt-payoff goals. And if you're a Credit Union online banking user, the Savvy Money widget automatically updates your credit score each month on your home page along with details about which Credit Union products might benefi t your current fi nancial state.