Reducing your credit limits DOES NOT help your score! Does this need to be repeated? 🙂

Reducing the amount between your available credit and the amount you have actually used can be counter-productive to increasing your credit score. Unfortunately, the credit scoring models don’t differentiate between limits that have been lowered by consumer request, and limits lowered by creditors.

Paying down your outstanding balances will yield greater results and provide you with more satisfaction in the long run. Start with that approach and go conquer that debt!

Category: Credit, Tips

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