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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: does making minimum payments affect... Date:  5/31/2003  12:52 PM
Author:  xtn Number:  161051 of 312159

I don't know if carrying a balance changes your FICO score or not, but consider this:

Many lenders don't consider just your FICO score. They also calculate your debt/income and debt/available ratios. Carrying a balance that is a large percentage of your available limits may be considered more risky by those lenders.


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