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New Credit Guidelines |
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Dear Edith: Is it possible to get a copy of the letter, or email I believe was in the paper recently about the way credit companies now look at outstanding credit available?. I believe they used to count available credit against you and according to your article they now give credit scoring if that available credit isn’t being used |
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Yes, part of your credit score these days is a ratio of your present debts compared to how much you could be borrowing. If you’re using your available credit sparingly, you get extra points
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Edith
Originally published on December 12, 2005 |
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