You have low debts compared to your income

By Adrian Davies | July 28, 2021

Your debts are less than 50% of your annual income. For example, if you owe £5,000 and your earnings are £20,000 per year – your annual debt ratio is 25%. This ratio does not include any mortgages. That’s great. But there’s room for improvement. Your credit score does better when you owe less. Having credit…

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