Credit Cards sometimes get a bad rap. When used properly however, they can help to improve your credit score.
The credit scoring system looks at how much money is owed on an account in relation to how much is available to borrow. If a high percentage of a person’s available credit is used, it could indicate they’re overextended which could lead to late or missed payments.
So remember…keeping your balances in line (30% or less of the credit limit) will keep your score in line.
If you would like to have a “Free Financial Review” of your credit, please give us a call at 1.406.727.7300 or 1.800.823.9595.