I am a student, and have a student rewards credit card with a $1000 limit. I went on vacation in January and almost maxed it out. Will this affect my credit score? I have had this card (my first and only) for almost a year now.
Will almost maxing out my credit card affect my credit score?
as long as you stay under limit and don%26#039;t go over and make and keep all payments done by the do date then you are ok
Will almost maxing out my credit card affect my credit score?
It can. By being close to your credit limit, it shows lenders that you may not quite be responsible enough to handle a lot of credit, and they may be less likely to lend to you.
Will almost maxing out my credit card affect my credit score?
Charging your credit card will actually increase your credit score as long as you pay your bill on time and don%26#039;t go over your limit.
Will almost maxing out my credit card affect my credit score?
Yes, your score will go down. I think it goes down if you owe more than 50 percent of the limit.
Will almost maxing out my credit card affect my credit score?
Year if you dont pay it or have late payments or dont pay it at all sooner or later it will all catch up to you. Dont be like everyone else. pay it off and next time .....%26quot;cash is the best%26quot;
Respect the card, start of with little balances just to build credit, but dont be going crazy like you are now or later in life when you want that house or car or truck, boat what ever....you%26#039;ll be sorry!
Will almost maxing out my credit card affect my credit score?
oh yes
Will almost maxing out my credit card affect my credit score?
strong chance it will. stop using it and keep making on time payments this will make a big impact on your score.
Will almost maxing out my credit card affect my credit score?
no, just pay it back every month and before you know it you will have a great score. assuming everything else is in order.
Will almost maxing out my credit card affect my credit score?
Yeah, it will affect your score.
And your score will go back up as soon as they report that you%26#039;ve paid it down.
Now do me a favor: CUT UP THAT CARD.
Will almost maxing out my credit card affect my credit score?
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Good luck!
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