What Does this Mean?

[toi34]

I received a denial letter today and the reason given is "ratio of payment to outstanding balance is too low?"

[Closingracer99]

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@toi34 wrote:

I received a denial letter today and the reason given is "ratio of payment to outstanding balance is too low?"

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Lower your Balances basically 

[RCFL]

Have you been only making minimum payment?

[-Wade-]

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@toi34 wrote:

I received a denial letter today and the reason given is "ratio of payment to outstanding balance is too low?"

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You need to pay your balance's down.

[Turbobuick]

I would read that to mean your payments are too small based on your current debt.

[-Wade-]

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@Turbobuick wrote:

I would read that to mean your payments are too small based on your current debt.

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on some of my cards,  it does not show the amount i pay each month just the bal

[Turbobuick]

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@-Wade- wrote:

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@Turbobuick wrote:

I would read that to mean your payments are too small based on your current debt.

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on some of my cards,  it does not show the amount i pay each month just the bal

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"ratio of payment to outstanding balance is too low?"

According to the above, the issue(ratio) is payment size vs the balance size.

[GoodCredBen]

I got the same thing a while back - since then, been paying down