"Debt utilization" refers to how much of your available credit you are using. It indicates the percentage of your total borrowing limit that you have borrowed. Full definition
Having a low debt utilization percentage is a fancy way of saying that you're living within your means. (thebrokeprofessional.com)
And remember to pay down most of the loan right away — this way, both of you will benefit from low debt utilization. (effectify.com)
People taking out installment loans can quickly improve the revolving debt utilization ratio by using the funds to pay down their credit card debt. (growingfamilybenefits.com)