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debt to credit ratio
debtdestroyer007
Posts: 402 Forumite
in Credit cards
hi guys a couple of questions i need help on:
- how important is a the debt to credit ratio
- whats a good ratio to have
- is it lender specific
0
Comments
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Hi, your debt to available credit ratio is important. Never apply for anything if you are using more than 75% of available credit as you are unlikely to get a good deal.
It is also important to have a debt to income ratio of below 50%0
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