List/Grid Tag Archives: Credit Rating

The Debt to Credit Ratio: Do You Need More Credit?

If you’d like to improve your credit score, that last think you’d probably think to do is get more credit.  Yet that might just be what you need. This is where the debt to credit ratio is key. One component of your credit score is based on how much you owe.  Lenders are judging how financially responsible you are by looking at your debt to credit ratio. Say you have a credit card with a $6,000 limit, and you have a $4,000 balance on the card.  Your debt to credit ratio is 66%. That’s a problem because most lenders frown on debt ...
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Credit Rating

It seems that today a person’s credit rating is very important. Most people borrow money to purchase large-ticket items such as cars and homes, not to mention that many people also use credit cards to make everyday purchases for what they want and need. A credit rating is extremely important financially for most people yet many are not as familiar with it as they could be. For information about how to improve credit rating see here. A credit rating is a financial measure that is defined as a number that fits into a scale that compares how ...
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