A credit score is more than just a number tucked away in some credit agency’s files. There are steps you can take to improve your credit score. Secured credit cards work like regular ones, but require a security deposit equal to the credit limit, and work as a stepping stone to an unsecured credit card. Article Continued Below“Any time you owe approximately 50 per cent or more of your credit limit, it starts to have a negative impact on your credit score. “With the car loan industry, your credit score can actually go pretty low,” he said.

Source: thestar April 30, 2019 08:26 UTC