If a person's credit report shows that his debt ratio is too high, it means that his risk of overdue repayment and bad debts is high, and most banks are unwilling to provide further credit services to people with excessive debt ratio. Here are three effective ways to reduce the debt ratio:

1, repayment in installments or in advance

If the single-day bill of personal credit card or loan is large, you can choose to repay by installments. Through installment repayment, the record of arrears in personal credit report will be changed from XX million to XX million /n(n means month), and high debt will be changed into low debt. It is worth noting that if you pay in installments for many times, you will still be judged as a high debt. Early repayment can reduce the amount of debt in personal credit report and effectively reduce the debt ratio.

2. Clean up your credit card.

Credit card debt is very common nowadays. Many young people like to spend with multiple credit cards. Moreover, when a bank accepts a loan application, if a large number of credit cards are found in the applicant's personal credit report, it will judge that the applicant's debt ratio is too high and the actual economic ability does not match the repayment ability. We suggest that the number of credit cards should be controlled within a reasonable range as far as possible, and credit cards that are not frequently used or have a small amount can be cancelled.

3. Refuse to apply for a card or loan.

If everyone is ready to apply for large loans such as mortgages and car loans, then within six months, they will control themselves not to apply for credit cards and online loans, and keep their credit information well to ensure that the bank's running bills look better. In addition, try not to inquire how much money you can borrow from XX software out of curiosity, because this will probably leave a record of credit inquiry and easily turn your credit information into "expenses".