Over-extended Credit Cards

It may sometimes be necessary to take down the maximum amount of credit your card permits, but it does not help your credit score.

Do so only in an emergency. It’s nice to know that your credit permits you spending liberties, but don’t let that take you to extreme spending binges.

Of course, if you don’t use your card at all, or only occasionally, you may be dropped or the maximum available credit line may be reduced. Credit card companies are getting more sensitive about account activity. So, use credit cards intelligently. (See the Earl J. Weinreb NewsHole® commentaries.)