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23 May, 15:34

What is the debt-to-credit ratio of the Handy Hardware Credit Card?

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  1. 23 May, 15:47
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    Step 1: add the amounts of your outstanding balances on your cards

    EX: $1500+$1000+$500=$3000

    step 2: add the amount of your creedit lines on your cards

    EX: $6000+$3500+$2500=$12000

    step 3: divide your total debt by your total credit

    EX: $3000/$12000=25% or 0.25
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