There is a common misconception regarding credit scores and credit card balances. By taking a few minutes to read this short post, you may be able to improve your credit score with little or no extra effort. You probably already know that the credit score is designed to help lenders predict the chance of default when making loan decisions. The amount you carry as a balance on your credit cards is a major factor in the algorithms. It is called credit utilization and accounts for 30% of your...Read More...
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