1. If you spend more than 50% of your credit limit every month, this indicates to the Credit Bureau that you do NOT have enough cash on hand to meet your monthly expenses. This will term you as a high credit risk and will actually reduce your credit score by 60 - 70 points overnight (Fair
Isaac).
2. If you miss 1 or 2 payments on your credit card debt, the issuing company will skyrocket your interest rate to a whopping 27% -
30%!
3. Out of a random sample of 3 million American consumers (included in Experian's National Score Index), 51% of them have atleast 2 credit cards and 14% of them have 10 or more credit cards.
Our Forum members living in California
will help you consolidate your debt and build up a
good credit history. This Debt Consolidation section
on California will give you a list of useful websites
that offer debt consolidation, credit repair and credit
card debt elimination services in California. Our veteran
members will also offer you advice and tips on how
to save money, budgeting your expenditures
