utilization

Larger Credit Limits Can Result in a Better Credit Score (But Be Careful!)

Credit card
Use your plastic carefully for a better credit score
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Bouncing back after bankruptcy is a journey and those that racked up big credit card debt that was discharged in Chapter 7 or 13 might be gun shy about plastic. However, rebuilding your credit score after bankruptcy is critical and it’s almost impossible to do ...

Tip: Use Your Credit Cards to Protect Your FICO Score

Closed
Your credit card accounts can be closed without notice
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Although it seems counter-intuitive, the fact is that if you do not use your credit cards, it can (indirectly) harm your FICO score. You might think it’s enough to have a few credit card accounts in your name, that you rarely or never use so ...

How Does Your Credit Score Stack up to the Average American’s?

How Does Your Credit Score Stack up to the Average American’s?
Is your credit score above average?
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The latest survey by FICO (Fair Isaac Corporation) shows that, in general, American consumers’ credit scores are on the rise. In case you’re wondering how your credit score compares to others, the average in the ...