Key Takeaways A lowered credit limit isn’t always personal since issuers often cut limits as part of broader changes.The major issue could involve your credit utilization ratio, which jumps overnight ...

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...

Americans with a credit score of 620 or below pay what Bankrate calls a "subprime tax" that amounts to $3,400 per year, according to its new report. The "subprime tax" comes in the form of higher ...

While a drop in the nation’s average credit score may sound minor, it belies a major crisis for student loan borrowers. Olive Burd / Money; Getty Images Federal student loan borrowers are struggling ...

Your credit score affects major parts of your life — from the kind of car you drive to where you live. You know this already. So you’re doing everything you can to improve your credit, starting with ...

Credit scores are weird. You can do the "right thing" and still watch your score drop. For example, a friend of mine paid off her mortgage early and closed her old credit cards to clean things up -- ...

This Redditor is in a regrettable situation, and his mother has knowingly done this to him. There is no question that the Redditor has a long road to recovery in terms of his credit score. The ...

Sean Messier is a personal finance writer with a focus on credit. He’s written for Credit Card Insider, plus several other national and global brands. kupicoo / Getty Images Building your credit is ...