How do my credit cards impact my credit score?

How do my credit cards impact my credit score?

Janet Bodnar (Deputy Editor, Kiplinger’s Personal Finance) gives expert video advice on: Should I take advantage of low rate offers and transfer my balances?; How many credit cards should I have? and more...

Certainly the payment history on your credit cards is going to have a big impact on your credit score because that's really one of the most common forms of debt that people have. So, it's really important to make those payments on time and keep those balances low, as well as not opening too many credit cards at any given time. Basically, keep that credit card debt under control, because it will have a big impact on your credit score.