A Right and a Wrong Way To Use Credit

If you haven't figured it out yet, there's a right and a wrong way to use credit. Use credit the right way and you'll likely see your credit score improve, your interest rates decrease, and your credit limits increase. In short, you get rewarded for using credit wisely.

On the other hand, using credit the wrong way costs precious credit score points, leads to increased interest rates, and lower credit limits. When you use credit the wrong way, you might experience some unexpected results, like getting turned down for a job.

If you want to know how you should and shouldn't use credit, read Do's and Don'ts Of Using Credit.