who long before debt ratio reflects recently paid off credit card?
Sunday, May 23rd, 2010 at
1:13 pm
dondizzle404 asked:
I have a credit card that I am about to pay off in the next couple days. I want to increase my chances for getting a loans. How long should I wait to apply for the loan after the card is paid off so my current debt ratio reflects the new balance of card?
Neil
I have a credit card that I am about to pay off in the next couple days. I want to increase my chances for getting a loans. How long should I wait to apply for the loan after the card is paid off so my current debt ratio reflects the new balance of card?
Neil
Tagged with: Couple Days • Debt Ratio • New Balance
Filed under: Personal Finance
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Brent
60 days or so.
Cody
credit reports are normally on a 60 day lag. If you pay the credit card off this month. Check your credit report in Februrary and the update should be there for you.