EPISODE · Jul 25, 2025 · 2 MIN
Mastering Credit Cards: Making Them Work For You
from The Credit Pros Podcast · host The Credit Pros
Properly managed credit cards are powerful credit-building tools, but credit card debt is detrimental to credit scores. High debt indicates risk to lenders, affecting 30% of FICO scores through the 'Amounts Owed' category. Revolving utilization ratio, the balance-to-limit percentage, should be low to protect scores. Responsible use, like paying full balances monthly and on time, builds good credit, while overspending can lead to financial disaster.
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Mastering Credit Cards: Making Them Work For You
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