Watch Your Credit Scores Today for Tomorrow’s Purchases
Here is a great article by Amy Hoak of MarketWatch entitled “Shrinking Limits, Why next year’s home buyers should pay attention to credit scores today” that reminds us to watch our credit reports now especially if we are looking to make major purchases- such as a house in the near future. While credit card companies are shrinking your credit limits to protect their bottom lines they may be hurting yours. Shrinking credit lines may cause a drag on your credit – lowering your score and costing you more in the long run.