05-06-2010 09:15 AM
I'm thinking about using that card for personal spending. the high apr would surely encourage me to not carry a balance.
me and the wife got balance we are seriously working on. we had it all figured out to be debt free in 12 months and then the a/c and water heater broke....$8500 gone in a couple of weeks. credits scores dropped because of opening new account and loading up balances. we are past 30% for sure on DU
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO