09/28/2021
📣CREDIT TIP! 📣
Should you carry a balance on your credit card?🤔
This is a common misconception. As a general rule of thumb, it's great to keep your credit card balance at or below 30% of the available credit to you. This shows lenders and the credit bureaus you know how to manage your finances in a healthy way.
Here’s a visual to consider what Good VS Bad utilization looks like.
It’s important to keep your credit card balances at excellent utilization and make your payments on time or even pay off your credit card if you can every month to see your credit scores go up!
However, If you do max out your credit card, it's important to look at your spending habits and make a change – otherwise you may end up hurting your credit.
✨Have questions?! Message me!
