Credit Cards Not Always Good for Your Credit. Part 1

I know, I know you hear it all the time get credit cards to build/rebuild your credit. Well it is true that you need them for balancing the mix of credit on your report. I will tell you the same thing, but be responsible and keep the balance BELOW 30% of your available credit limit. This will help your credit score increase and stay up. Whenever you go over 50% of your available credit limit your scores start dropping, because red flags go up. Stay tune for part 2.