With a good credit score, 'doors will open,' expert says. But many face a roadblock to improvement
Publishing timestamp: 2023-11-19 08:30:02
Summary
The article discusses the efforts of Americans to improve their credit scores, with 50% facing barriers such as low credit limits. It provides tips on increasing credit limits, such as asking the credit card issuer for a boost or paying balances ahead of the statement closing date. It also mentions concerns about hurting credit scores in the future and the impact of inflation and interest rates on debt payments. The article emphasizes that credit scores should not be seen as a reflection of personal worth.
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Keywords: nerdwallet inc, personal finance, business news, credit cards, credit card debt, credit score, personal loans, united states, personal credit scores, interest rates, products and services,
Source: https://www.cnbc.com/2023/11/19/what-roadblocks-keep-people-from-improving-their-credit-score.html