What is the most shocking credit secret around?
The most shocking is that credit card companies often intentionally report a lower limit than you actually have. Why do they do this? Some speculate that this makes you less desirable to competing credit card companies who might solicit your business if they knew your true balance. Unfortunately, a lower credit limit can throw your balance-to-limit ratio out of whack, which artificially lowers your score. And you wouldn’t believe the second most shocking credit secret. The second secret is described in full in Step 6 of 7 STEPS TO A 720® CREDIT SCORE.
