If your credit limit gets lowered, you’re going to want to do everything possible to protect your score. Here’s why it matters: When your limit drops, your utilization (the amount of credit you’re using) goes up — even if your balance stays the same. That one change can cause your score to fall overnight. But don’t stress. Here’s what to do next: Pay down your balances. Try to keep your utilization under 30%, ideally under 10%. The lower, the better. Ask for a limit increase. If you’ve been payi

If you’ve got credit, you’ve got one: a credit score. It can seem invisible until you’ve got to use yours to apply for a loan or open a new account and while the credit report and score system is far from perfect (especially in its assessment of marginalized groups), it's still worth knowing about. To learn more - https://www.firsttechfed.com/articles/improve-your-credit-score-with-these-5-tips | First Tech Fed