An Associated Press article that ran in the Detroit News on Monday, April 20 gave some tips for keeping your credit rating intact. You can read the article by clicking through to http://is.gd/tEpw. Here are some highlights:
1. Don't stop using your credit card.
2. Your credit score needs to be 740 or above to get the best interest rates in today's market.
3. Use 30% or less of your credit limit on your credit cards.
4. If you have good credit and you get a notice your limit is being lower, call the card issuer. You are still in demand, can take your business elsewhere and your card holder should know that.
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