AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Habits We Rock to Kick Ass and Grow Wealth
Afford Anything
Is Your Debt Utilization Ratio Affecting Your Credit?
4min Snip
00:00
Summary
Transcript
Episode notes
The debt utilization ratio is a measure of how much money you've charged relative to how much you can charge. The lower that ratio, if you're using only 10%, the better. If you're using 50%, that sucks. And it's going to decrease your utilization ratio. Now obviously, this is a really stupid way to measure each other right now. Well, just because we're probably at credit scores, what is your credit score right now or last time you checked? And I'll tell you mine and we'll see how much of a difference it makes.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode