Re: Credit and Credit Scores: A short lesson
Million-
First, I'm really not an expert on this, so someone else should really verify my statements.
You're not wrong, but I'm not either. The advice you're quoting is based on the idea that having a 1:1 ratio is also bad. That's an indicator that you're maxed out, and you're having trouble managing the debt you have. On the other side of the coin, having a 20:1 ratio isn't favorable either, for the reasons I already mentioned in the other post.
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