Comments on: Good Debt to Credit Ratio http://www.financiallytough.com/good-debt-to-credit-ratio Getting Tough With Your Money Wed, 25 Jan 2012 14:57:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Keenan the Credit Repair Specialist http://www.financiallytough.com/good-debt-to-credit-ratio/comment-page-1#comment-3575 Keenan the Credit Repair Specialist Fri, 22 Apr 2011 21:40:31 +0000 http://www.financiallytough.com/?p=113#comment-3575 I believe most people are better off trying to increase their credit limits before paying off the balance. The money saved can be put to better uses and the negative affects of a new credit inquiry are small (and short-lived) compared to the benefits of reducing one's debt to credit ratio. Many credit card companies will do a "soft pull" if asked. In this case, the company makes a decision based upon the account history itself. I've personally had a credit limit doubled without having my credit report checked at all. So always try that first. I believe most people are better off trying to increase their credit limits before paying off the balance. The money saved can be put to better uses and the negative affects of a new credit inquiry are small (and short-lived) compared to the benefits of reducing one’s debt to credit ratio.

Many credit card companies will do a “soft pull” if asked. In this case, the company makes a decision based upon the account history itself. I’ve personally had a credit limit doubled without having my credit report checked at all.

So always try that first.

]]> By: what is a good debt to credit ratio percentage | Financially Tough http://www.financiallytough.com/good-debt-to-credit-ratio/comment-page-1#comment-1591 what is a good debt to credit ratio percentage | Financially Tough Mon, 13 Dec 2010 01:56:30 +0000 http://www.financiallytough.com/?p=113#comment-1591 [...] is no doubt that having a good debt to credit ratio will help your credit score. When I was down and out and had a debt to credit that was somewhere [...] [...] is no doubt that having a good debt to credit ratio will help your credit score. When I was down and out and had a debt to credit that was somewhere [...]

]]> By: How a good debt to credit ratio can help your credit score | Financially Tough http://www.financiallytough.com/good-debt-to-credit-ratio/comment-page-1#comment-800 How a good debt to credit ratio can help your credit score | Financially Tough Thu, 24 Jun 2010 05:02:33 +0000 http://www.financiallytough.com/?p=113#comment-800 [...] I am no stranger to debt and that is part of the reason why I started writing about it.  I had a lot of debt and wanted to learn about credit so I could make more informed decisions on a day to day basis.  One thing that I have notice as I have pay down my debt over the last year is the improvement of my credit score.  This is directly related to having a good debt to credit ratio. [...] [...] I am no stranger to debt and that is part of the reason why I started writing about it.  I had a lot of debt and wanted to learn about credit so I could make more informed decisions on a day to day basis.  One thing that I have notice as I have pay down my debt over the last year is the improvement of my credit score.  This is directly related to having a good debt to credit ratio. [...]

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