I had a bit of a scare last week with my card when my mobile financial management app emailed me to tell me I had used 40% of my credit on my credit card. I thought this was fine since I would be paying off the full balance at the end of the month, but apparently if you charge more than 30% of your credit limit on any of your cards, it can negatively affect your credit! Who knew? I certainly didn’t.
This made me curious about what else could affect your credit. Other things that I found could hurt your credit are: (more…)