Re: 680 FICO, high debt to credit limit ratio, can I get more credit?

Posted by dave (64.172.60.13) on March 31, 2003 at 15:12:55:

In Reply to: Re: 680 FICO, high debt to credit limit ratio, can I get more credit? posted by Cali Guy on March 29, 2003 at 01:19:55:

Retail cards generally have lower credit limits, higher APRs and, of course, they are only good for purchasing at particular businesses.

Optimal ratio is less than 20%. Over 80% could result in higher APRs and/or reduced credit limits from existing cards. Best to keep the ratio below 50%.

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