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Does my debt to limit ratio significantly impact my credit score?

April 26, 2017Business Credit score debt Finance impact limit ratio significantly

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Does my debt to limit ratio significantly impact my credit score?

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First try to bring all debt to 50%. That will improve your score. Next step is to get to 32% to 41% range. Last step is to eliminate completely and remain debt free. Depending upon your personality you can select to pay down the card with high interest first or pay down the card with low balance or pay down the card with high ratio of minimum payment to balance.