How Credit card Debts Impacts Credit Score ,Joe Delano Explains
(1).png "How Credit card Debts Impacts Credit Score ,Joe Delano Explains")
Everyone of us using credit card has some debts at one point.So much debts really affect your credit score an damage of all kinds.
Jon Delano money Editor KDKA -TV explains easy method to figure how much we can charge without ruining credit score
Credit card debt is high in America .Almost 14 million Americans has more than $10000 on cards which they owe.
Read More:Top Credit card terms need to know before you swipe
It depends mainly on financial status ,how much credit card debt racks up,but knowing credit utilization can prevent from hurting credit rating
What do you meany Credit Utilization? Credit utilization means how money we owe on all our credit cards comparing to amount which is total and allowed to borrow.
By adding all money ,we are allowed to borrow on each card.For example add up to $10000, with not hurting credit score ,borrow less than 30 Percent .
Its really hard to pay off credit cards each month to Zero balance, ensure to keep your overall borrowing below 30%
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