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6 October, 05:09

Why does amount of debt or money owed have as much weight as credit history in determining a person's credit score?

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  1. 6 October, 06:23
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    Your debt to income ratio determines how likely you are able to make your payments. When a high percentage of your available credit is been used, this can indicate that your money is overextended, and you may be more likely to make late and or missed payments.
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