Higher debt-to-credit ratio

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Reference no: EM133596318

Question

Given that Dylan has a total debt of $11,650 and a total credit limit of $16,000, and that Mei Li has a total debt of $7,250 and a total credit limit of $12,000, who is more likely to have a higher credit score? Justify your choice. Select the correct answer below: Dylan has a higher credit score because he has a lower debt-to-credit ratio. Dylan has a higher credit score because he has a higher debt-to-credit ratio. Mei Li has a higher credit score because she has a lower debt-to-credit ratio. Mei Li has a higher credit score because she has a higher debt-to-credit ratio.

Reference no: EM133596318

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