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We all know that getting into credit card debt is a bad idea. Most cards charge double-digit interest rates, so carrying a balance from month to month can get seriously expensive. But credit card debt can also do damage to your credit score, and maxing out a card — that is, charging up to your credit limit — is particularly harmful. This is because 30% of your credit score is heavily influenced by your credit utilization ratio. If you’re using more than 30% of a card’s available credit at any time, your score could be getting dinged.



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