11-20-2007 08:49 AM
11-20-2007 10:00 AM - edited 11-20-2007 10:02 AM
Dear Forum:1. Is debt to credit ratio calculated based on Total Debt vs. Total Credit or individually on each credit card? If you have several credit cards, some with a debt to credit ratio of 0% and some at 80%, is it wise to make the debt to credit ratio the same accross the board or would it even matter (because the final average % would be the same)?2. If it would be better to make the debt to credit ratio the same on all cards, would balance transfers suddenly lower the credit score?Robliski
11-20-2007 10:47 AM
Robliski wrote:Thank you "masdeocho." I am trying to increase my FICO score and looking for ways to make things better.Robliski
11-20-2007 05:53 PM
Pay attention to the fine print on balance transfers; some rates are good for a limited time only, some have fees, etc.