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Ideal DTI ratio for a credit card with good interest rate

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What should be the ideal DTI ratio to get qualified to take out a credit card with a favorable rate of interest?

The ideal debt-to-income ratio is between 30% and 36%. A DTI ratio more than 40% is not good. Lenders will consider you as a risky consumer even if you have a decent credit score. So if you have a high DTI ratio, try to lower it by paying off your debts.

Sub: #1 posted on Thu, 05/30/2019 - 00:27

Nick Jonas Nick Jonas

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