Posts Tagged ‘ ratio ’

Difference between “balance-to-limit ratio” and “debt-to-income” ratio

Dear Experian, What is the appropriate balance-to-limit or debt-to-income ratio? I do not maintain a balance on my credit cards but worry that I have credit limits that are too high and could impact my overall credit. - TBL

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Responding to credit score factor that says proportion of balances to limits is to high

Dear Experian, Recently, I was told that my proportion of balances to credit limits is high. If I keep making payments to my credit card and keep my statement balance below 20% of my credit limit, will that help? - ATD

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Why closing a credit card can hurt your credit scores

Dear Experian, Why does closing a credit card you are no longer using negatively affect your credit? - VNO

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