Your credit score rating says a lot about you. It represents the most important impression you’ll make on a potential lender. The better your score, the more creditworthy you appear and the more likely you’ll be approved for a loan or credit card the best terms.
Considering closing an existing credit card? Questions about what will hurt your credit? Keep these tips in mind when making decisions involving your credit!
Credit scores are important. Your credit score can not only affect whether or not you get approved for a loan and the interest rate you may be charged but also your ability to rent an apartment, sign up for utilities, and even impact whether or not you get a job with the employer of your dreams. How you manage your credit directly impacts your score.
Having a certain amount of debt is expected and it can actually build credit by showing you’re ability to pay it off. But how much debt is too much?