22d • Questions?
If You Have a Credit Card You Need to Read This 💳
Grand Rising Sacred Wealth fam! ☀️☀️☀️
Let's talk about something that affects EVERYONE in this community whether you are just starting out or already on your way to funding. 👇
💳 Credit Utilization — how much of your available credit you are actually using.
This one factor alone makes up 30% of your credit score and most people have no idea!
Here are the facts 👇
📊People with 800+ credit scores use on average only 7% of their available credit — Experian
📊A single maxed out card can drop your score by up to 45 points — FICO
📊 Paying down your balance can show improvement in as little as 30 days — NerdWallet
What you need to know 👇
❌Maxing out cards even if you pay monthly still hurts your score
❌Closing old cards raises your utilization and hurts you
✅Stay BELOW 30% — good
✅Stay BELOW 10% — even better
The lower your utilization the higher your score. Simple as that.
This is the kind of knowledge we share here every single day. Welcome to Sacred Wealth! 🔥
💬Where are you right now?
A — Over 50% I need help!
B — Between 30% and 50%
C — Under 30% and pushing lower
Drop your letter below! 👇🔥
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If You Have a Credit Card You Need to Read This 💳
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