What is a good credit-to-debt ratio?

Answer On One Hand: Less than 35 PercentAccording to, people who look at your credit score want to see a credit-to-debt ratio--known as credit utilization--of less than 35, and sometimes 30, ... Read More »

Top Q&A For: What is a good credit-to-debt ratio

How do you figure debt to credit ratio?

According to Investopedia, a debt to credit ratio (which is also called a debt to income ratio) is a calculation financial institutions use to assess lending risk. For this equation, a lender makes... Read More »

How do i calculate debt to credit ratio?

Determine the total amount of credit card debt you owe. For example, a person has two credit cards. On one credit card he has $800 owed and on the other he has $500 owed. His total amount of credit... Read More »

Is the debt-to-income ratio a factor in credit scoring?

Your debt-to-income ratio is not a factor in credit score. However, your lender may look at your debt-to-income ratio when considering you for a loan. Your credit score does factor in your debt-to-... Read More »

The Effect of an Additional Credit Line on a Debt to Income Ratio?

The debt to income ratio for a borrower is the percentage of monthly debt obligation in relation to his monthly income. The lower the debt to income ratio, the better a borrower's chance at gaining... Read More »