Credit Utilization Question
by Shanon As I understand, it’s not recommended to use more than 30% of your credit limit per billing cycle. My limit is rather low ($300), so my question is what happens if I use the card for, say 90% …
Category: Credit Scores
Does an inquiry count if you decline the offer?
by Deborah Hi. I applied for 2 credit cards, and was approved for both. One offer was good and I accepted it (i.e. they issued a new card on my name), the second offer had lesser terms (high APR, annual …
Does credit counseling affect my credit score?
by Mark I’m 28 and very bad with my financials. I’ve managed to accumulate a lot of credircard debt. I have a few late payments and other derogatory items on my report. After considering my odds I’ve decided to enroll …
Does having a high credit limit with little to no income hurt your credit score?
by Sue(Miami) I know that it’s best to keep my credit to credit-limit ration below 35% if I want a good credit score. My boyfriend is very good with his credit. Although he has enough money to max out his …
Does having a high credit limit with little to no income hurt your credit score? Read more »