 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
It is a ratio between the credit limit on an account vs what you actually owe on the account. If you have a credit card with a $10,000 limit on it and you currently owe $3,500 on it, your debt-to-credit-limit ratio would be 35% ($3,500 is 35% of $10,000). Typically, you want to keep this percentage under about 30%. |
||||
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
Hi, I have a problem which is as follows; Contracts with lenders, such as bonds typically place restrictions on the financial statement ratios. Two commonly used ratios are the current ratio and the debt-to-equity ratio. Why is it that these appear as restrictions, that is, do they protect the...
I am currently fighting a credit card debt action filed against me by Unifund. The issue is whether credit card debt is open account debt subject to 3 year SOL in the State of Washington or a written agreement debt subject to 6 years. I asked the same question on another forum and received an...
I have been advised that I should transfer part of a balance of one credit card to another card in order to maintain 50% debt to credit limit ratio on _each_ card even though my _total_ debt to credit limit ratio is already below 50%. (Most of the debt is on one card for convenience.) I could...
View more questions Search
|
