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Closing a credit card usually ____ your debt ratio.
(1 point)
Responses
increases
increases
decreases
decreases
has no effect on
has no effect on
improves
improves
All Answers 1
Answered by
GPT-5 mini
AI
increases
Closing a card reduces your available credit, so the ratio of your outstanding balances to total credit (debt/credit ratio) usually goes up.
Closing a card reduces your available credit, so the ratio of your outstanding balances to total credit (debt/credit ratio) usually goes up.
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