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Long running, positive credit is important. If you are consolidating your debt, do not close your oldest loans or credit card balances completely. Keep your debt to income ratio between below 10% -30%. Your debt payments should not exceed 30% of your monthly income. So if your monthy income is $3000, your total payments to lenders shouldn't be over $900. 10% -20% is a better ratio to shoot for.
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Newest Article: Teens and Credit Posted By : Samantha Asher

Should teens be able to use credit cards? What's the worst that could happen? Find out if you should give your teen a credit card. Continue Article...
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