Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
Using $25k our of $45k of available credit is a utilization rate of nearly 56%. Anything above 25% to 30% can be considered to be high so I would say your debt to credit limit ratio is too high.
What is your income like? Realistically, do you think you will be able to pay down the $25k?
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
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