Question

You have four credit cards. Each has a balance of $950.00, but their credit limits are $1,200.00, $2,200.00, $2,400.00, and $3,000.00. Paying off and closing which card would decrease your debt ratio?


$1,200.00 limit


$3,000.00 limit


$2,200.00 limit


$2,400.00 limit

Answer 1

??

Answer 2

which one do you think it is?

Answer 3

$2,200.00 limit because it will decrease in the limit that is there already

Answer 4

thanks

Answer 5

it would have been 1200

Answer 6

You want to know about the ratio of each credit card And to reduce you need to think about which usage percent represents with that 950 $1,200.00, $2,200.00, $2,400.00, and $3,000.00 are all , $950 is 79.16% in $1200, 43.18% in $2200, 39.58% in $2400, and 31.66% in $3000 You would need to close the $1200 credit card to decrease your ratio