credit score tips: Another Rapid Rescore Success Story - 04/02/09 08:40 AM
Credit scoring is a rather arcane formula.  One of the biggest factors that can make or break your credit score is your debt ratio on revolving accounts.  The credit scoring model takes many different factors into account, and this debt ratio factor accounts for approximately 30% of your credit score.  I'm not talking about the debt ratio calculation that is a calculation of your income versus your total debt.  That is called debt-to-income ratio.  Although that ratio is used in the mortgage qualifying process, it does not directly affect your credit score.  The debt ratio in this case is how much you owe … (0 comments)

 
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John Jones

Dallas, TX

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Briggs Freeman Sotheby's International Realty

Address: 5706 E. Mockingbird Lane Suite 210, Dallas, TX, 75206

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