Credit Killer #2″High Percentage Debt”

Having too high of a percentage of debt can impact your credit negatively in two major ways.

1. Credit usage accounts for 30% of your credit score.
2. Lenders second major thing they look at when reviewing potential borrowers is debt to income.

Debt to Income is the percentage of monthly debt to monthly income.

When the debt to income is too high, lenders will deny you no matter how high or low your credit score.