Financial buffs, when it comes to finance, I'm an infant. I made a couple of purchases online, one at a shoe store, one at a music (instrument) store, and both were declined since I had unknowingly over-charged my card. The card "reserves the right" to change the limit at any time, and they reduced it by $500 and I had no idea (Quite ghetto). So...
1. Is that a huge mark on my credit score?
2. Is it commone to retain a card but never use it (I have one I'm reserving for a big, $7000 purchase later)?
3. What amount of money is considered a lot of debt?
2006-07-17
16:54:23
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9 answers
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asked by
perfectlybaked
7
in
Credit