Hello {first_name},
Following up on our last email we mentioned that a good CUR is under 30%. Let’s explore this in more detail. Look at the chart below.
75%+ : This is the highest risk level and will greatly reduce your scores.
50%-74% : You are still considered very risky to lend to here.
30%-49% : You are doing better, but if you need a higher score, you can still help by dropping this number.
10%-29% : Here you’re usually ok as long as your other factors look good.
1%-9% : Here you’ll be getting the most points for this part of your score.
0% : Strange as it might seem, you would usually be better off with 1%-5%. The reason for this is that lenders want to see you have the ability to pay on time and if you have no balance, they can’t really see that.
Obviously, paying down your cards will be the easiest way to get a better CUR. Check our next email for more ways to do that as well as the pros and cons of each.
Sincerely,
{{ custom_values.slm__representative }}
{cro_name}
{email_signature}
{phone_number}
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