Posted on May 28, 2009 at 4:51 pm My credit score is 710 (woooohoooooo!) and I am trying to figure out what's holding me back. Any info would be great, thanks everyone!

Posted on May 28, 2009 at 7:08 pm The closer to 0 that your debt to income ratio is, the better it is. Since the debt to income ratio is calculated by seeing what percentage of your income you use to pay off your debts, 0 is indefinately as good as it gets.  

Posted on May 28, 2009 at 9:12 pm Hey Molly,Basically there are two types of debt-to-income ratios: the front-end ratio, which is the percentage of your income that goes towards your rent or mortgage, and the back-end ratio, which is the percentage of your income that includes housing expenses and all your other bills. That includes loan payments and credit card bills. The ideal rate for a front-end ratio is 28 percent, while a back-end ratio is at 36 percent.If you fall below these measures, you're in pretty good shape.

Posted on May 28, 2009 at 9:52 pm Although your credit score and your debt to income ratio are what the creditors use to determine your credit worthiness, they are obtained differently.Did you get your credit score from the three major credit bureaus? 750 is a good score. It should not hold you back from applying for credit. Your debt to income ratio, however, is something that you would have to calculate yourself. To get your debt to income ratio, use this formula:Gross monthly income (x) .36 = Debt to Income RatioFor example your gross monthly income is $2000 (x) .36 = $720 *Your gross monthly income is your full salary without tax and other deductions. $720 is your debt to income ratio. It means that your debt payments should not be more than that amount. Creditors look at it to determine your ability to repay debt. If what you are paying monthly for debt alone exceeds 36% then they would consider you a credit risk. Your chances of getting good credit is

Posted on May 29, 2009 at 1:13 am Hi all i'm rebuilding my credit score back since I found a money making scheme that works on the internet here's the link. 

Posted on June 16, 2009 at 8:12 am For anyone who needs to know what actually makes up a person's FICO rating (credit score): Payment History: 35% Amounts Owed (Debt to Income Ratio): 30% Length of Credit: 15% New Credit: 10% Types of Credit: 10%

Posted on July 23, 2009 at 10:12 pm so that's why this collection account that from a coupple years ago is still on my credit report, cos a huge percentage of it goes towards the credit history that i have .... i get it now. payment history really is a vital part of the credit report. can i just ask you guys, when that note will go away?

Posted on July 24, 2009 at 1:45 am If i'm not mistaken, seven years from the date the debt was charged off.

Posted on July 24, 2009 at 8:39 pm It is 7 years from the first missed payment, NOT when the debt was charged off.

Posted on October 5, 2009 at 4:04 am How can I get the best debt to income ratio