Burning question: What's the *right* balance to keep on a credit card?

Burning question: What's the *right* balance to keep on a credit card?
If you have four credit cards that together have a credit limit of $ 10,000, and you are carrying $ 2,500 in debt on them, you are using 25 percent of your available credit — or 25 percent utilization. The folks who make credit score formulas have seen …
Read more on Bob Sullivan.net

Unpaid Credit Card Bills in China Now US.2 Billion
I spent more than what I was earning and now I could no longer pay my credit card debts," Chen told a local newspaper. The mounting credit card arrears add to the rising financial risks in China as the country's economy slows to a 24-year low, Reuters …
Read more on Chinatopix

This! How Not To Pay Your Bills
You may be tempted to let your student loans go unpaid while you try to keep up with your credit card payments. The problem with that approach is that credit card debt typically can be erased in bankruptcy, while student loans — even from private …
Read more on WFMY News 2

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