If you know anything about credit scores, you know carrying high credit card balances is a big no-no. In fact, your debt-to-credit ratio (how much you owe versus your total available credit) makes up about 30 percent of your overall credit score. And revolving debt -- like credit cards -- weighs heavier than other outstanding debts -- like your mortgage or car loan. So if youre carrying a bunch of maxed-out credit cards, your credit score is likely in the tank.
Posted on: Thu, 15 May 2014 17:10:00 +0000
Trending Topics
Recently Viewed Topics
© 2015