Debt to Income Ratio vs. Credit Utilization Ratio
January 28, 2022
Personal Finance
Debt to income ratio and credit utilization ratio; why do these two things matter and what do they mean? Both can impact what kind of loans or credit cards you are approved for, but only one will affect your credit score. Nevertheless, they are both used as indicators to creditors looking to determine whether or not you are able to take on additional financial obligations. Therefore, both of these should be taken into consideration when creating your financial plan.
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