In yesterdays post I talked about how age plays a role in your credit score, in today's post I'm going to discuss what role the amount of credit you have plays a role. How Cutting Your Available Credit Can Hurt You Your available credit plays a big role in your credit score, even bigger than the age of your credit. Cutting your credit available is usually a common pitfall … [Read more...]
How To Cancel Your Credit Cards
Every now and then, while we are in the process of getting out of debt, we do things that we think are right but end up costing us in the long run. One such incident is canceling your credit cards. For some reason or another we believe that canceling the cards will stop us from spending more money and get us out of debt faster because we won't have that option to use … [Read more...]
