Credit cards for bad credit topics
A large portion of your score depends on the percentage of debt you carry when compared to your maximum allowed limits. That means that if your credit limit is decreased, the same balance you had on a higher limit now uses up a larger percentage of your limit. Your credit score could consequently be hurt. If you had a card you did not use for a long time that was cancelled by the bank, it could impact your score too. An estimated two thirds of consumers who own credit cards in this country have an outstanding balance.