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Long running, positive credit is important. If you are consolidating your debt, do not close your oldest loans or credit card balances completely.
Keep your debt to income ratio between below 10% -30%. Your debt payments should not exceed 30% of your monthly income. So if your monthy income is $3000, your total payments to lenders shouldn't be over $900. 10% -20% is a better ratio to shoot for.
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