3 Ways Credit Cards Affect Your Credit Score!

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How do your credit cards affect your credit score?
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Using a credit card can either help or hurt your credit score, so it's up to you to use them responsibly. Your credit score is highly affected by credit card use in 3 main categories (which I'll cover in-depth in this video). Credit cards affect your credit scores payment history, credit history, credit usage, total balances and available credit. Each of these categories hold different weight on your credit score, but your credit cards can help all of them if they're used properly. However, your credit score can also be negatively impacted if you don't follow these current credit score guidelines.

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Chapters:
0:00 Intro
0:15 Payment History
1:14 Credit History
2:52 Credit Usage
4:24 Total Balances & Available Credit

#honestfinance #creditcards #creditscore
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Los Angeles here.Lots of excellent 411, came by here by chance. I was checking out some of the topics you have.Very informative, I just subscribed.👍🏼💪🏼🇺🇸🙏🏼

Albert-
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Even if you need to close a card, doesn’t it still get reported for the next 10 years in a positive way as long as you paid as agreed?Will the credit bureaus keep the history of your closed account as in good standing? Or does your credit score drop because you closed it down?

Albert-
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