hello. my job cut my hours, and money is tight. i’ve nearly reached the credit limits on my two credit…

hello. my job cut my hours, and money is tight. i’ve nearly reached the credit limits on my two credit cards. but, i’m making my minimum payments on time. do you think my credit scores will likely go up, go down, or stay the same?

hello. my job cut my hours, and money is tight. i’ve nearly reached the credit limits on my two credit cards. but, i’m making my minimum payments on time. do you think my credit scores will likely go up, go down, or stay the same?

Answer

Brief Explanations:

Credit scores are influenced by factors like payment history and credit - utilization ratio. While on - time minimum payments are good for payment history, nearly reaching credit limits raises the credit - utilization ratio, which is a negative factor. These two factors may offset each other.

Answer:

Stay the Same