Quote:
Originally Posted by msladii
By being late on your payments or going over your limit? i just checked my account and i had a 0 balance but my payment isnt due for like 2 weeks. my limit is $500 but its saying i went over 11 dollars.. i just made a payment.. will this put me in a bad position?
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The fico scoring system penalizes your for charging over 30 percent of the credit line on a revolving account. Being over your credit limit is not good and being late even worst.
Try to pay your cards on time and if you can pay that card down to 30 percent of the 500 credit line "$150.00" then you should do it.
