Many Iowa residents are concerned with their finances, and part of that concern is placed on their credit scores. Some individuals may believe certain actions are helping their scores when they may actually be hurting them or affecting their financial situations in another way. Utilizing credit cards can impact credit scores, but too much use could lead to substantial credit card debt.
Some individuals may believe that having a high credit card balance may help their credit score. However, high balances are not always a beneficial aspect of a person's credit. Though parties may make monthly payments on time, if their balances are not paid off in full, their credit could actually be negatively affected.