You have a credit card with an existing balance of $1,569.34, a credit limit of $2,000.00, and an interest rate of 12.5% APR. You pay $150.00 a month. When will the balance be below the target debt ratio to improve your credit score?

A. 2 months

B. 3 months

C. 5 months

D. 4 months

Question

Lina Owens

25 December, 02:46

+3

Answers (1)

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Walker Arroyo · Answer 1

Walker Arroyo 25 December, 03:17

0

The correct answer is c

You have a credit card with an existing balance of $1,569.34, a credit limit of $2,000.00, and an interest rate of 12.5% APR. You pay $150.00 a month. When will the balance be below the target debt ratio to improve your credit score?A. 2 monthsB. 3 monthsC. 5 monthsD. 4 months