Credit Builder Education

Maintaining a Balanced Debt-to-Credit Ratio

What is your debt-to-credit ratio? Your debt-to-credit ratio, also known as your credit utilization rate or debt-to-credit rate, represents the amount of revolving credit you’re using divided by the total amount of credit available to you. Revolving credit accounts include things like credit cards and lines of credit. They don’t require a fixed payment each…

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