Understanding Credit Utilization - a podcast by Darryl Baskin, eXp Realty

Credit cards provide the ability to build credit records and receive credit score. If you are using credit cards responsibly, you may be able to finance large purchases in an emergency that may take a few months to pay off.

If you have a high credit utilization on your cards, however, you might find yourself with lower credit scores, a more difficult time making larger monthly payments, and a potentially higher interest rate on your cards if you make any payments late.

Credit utilization has a big influence on your credit scores, so you should know what it is and how you can manage it to get the best credit rating and the benefits that come with it.

BOUT TTCU
Established in 1934 as Tulsa Teachers Credit Union, TTCU Federal Credit Union is the second largest credit union in Oklahoma. We're a $1.9 billion financial institution with a full complement of depository, lending and financial advisory services. As a not-for-profit organization, our financial success is returned to our membership in the form of low-rate loans and high-rate savings accounts. The membership of TTCU is more than 130,000 strong and is made up of teachers, school faculty, administrators, staff, students and more than 600 affiliated groups. TTCU is a proud member of the Credit Union National Association and the Cornerstone Credit Union League.

TTCU Federal Credit Union
www.ttcu.com

For assistance, please feel free to contact us:
https://www.ttcu.com/about-us/contact-us

Further episodes of The Future of Real Estate

Further podcasts by Darryl Baskin, eXp Realty

Website of Darryl Baskin, eXp Realty