The Money Mythbuster

Busting myths about money and how it works for three decades.

Monday, 03 November 2008 17:14

The 'Catch 22' of Consumer Credit

The Christian Science Monitor has an interesting article about how Americans are now focused on paying down their credit cards. The "Catch 22" is that not using credit cards at all apparently can lower your credit score."Whenever consumers lock up or gleefully cut up their plastic, their credit scores drop as they have increased their credit-utilization ratio."

Click to read full article.

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