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CC debt ratio calculator

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cgmiller63
Contributor

CC debt ratio calculator

Is there a link to a calculator where I can figure out my credit line to debt percentage?  I have a $14000 credit card credit line and owe about $3700. I'm trying to figure out the ratio as I would like to get in the magic number of under 9%.
Message 1 of 5
4 REPLIES 4
indyhotmama
Regular Contributor

Re: CC debt ratio calculator

Right now, you are at 26%. Just take what you owe divided by your CL.
Message 2 of 5
cgmiller63
Contributor

Re: CC debt ratio calculator

Thank you HotMama.  I guess I should have paid more attention in math class Smiley Very Happy
Message 3 of 5
indyhotmama
Regular Contributor

Re: CC debt ratio calculator

No problem. I am an accountant with "poor" credit. Go figure. LOL! Good luck.
Message 4 of 5
Anonymous
Not applicable

Re: CC debt ratio calculator

(Debt X 100) / (Total credit line) = %UTL
Message 5 of 5
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