Making Better Financial Decisions

I see this mistake all the time when it comes to credit reports and credit scores.  I have clients that are using their credit cards and keep a balance about the 30% available credit limit.  They are unaware as to the impact that this is having on the fico score.  Once you go over the 30% threshold your credit score will start being impacted.  Go over 50% use of your available credit and your credit score will start dropping like a rock.

The point of this is to be aware of what you are doing with your credit and your money.  If you are trying to buy a home this principal becomes even more improtant.  It can be the little things that end up biting your in the rear.