Wednesday, October 28th, 2009

who long before debt ratio reflects recently paid off credit card?

debt ratio
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?

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2 Responses to “who long before debt ratio reflects recently paid off credit card?”

bud68 Says:
October 29th, 2009 at 4:39 am

60 days or so.

sun1flower11 Says:
October 30th, 2009 at 5:39 pm

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.

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