From Yahoo Finance: 2025-04-14 10:29:00

Credit scores are crucial for accessing affordable loans. High scores mean better interest rates, while low scores can hinder financial goals. Excessive debt can damage credit scores. Total US household debt is $18.04 trillion, with rising delinquency rates. Expert John Ulzheimer advises against using only one credit card with a low limit, suggesting multiple cards to improve credit utilization. Aim to use less than 10% of available credit. Ulzheimer emphasizes discipline when managing multiple cards to avoid overspending and accumulating debt. Stick to debit cards if tempted to overspend.



Read more at Yahoo Finance: Avoid One Common Pitfall When Working To Improve Your Credit Score