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 identify 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 at least 2 credit cards and 14% of them have 10 or more credit cards.
Connecticut Debt Consolidation
Our Forum members living in Connecticut
will help you consolidate your debt and build up a
good credit history. This Debt Consolidation section
on Connecticut will give you a list of useful websites
that offer debt consolidation, credit repair and credit
card debt elimination services in Connecticut. Our veteran
members will also offer you advice and tips on how
to save money, budgeting your expenditures
