Credit Card Issuers are Watching Your Scores

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By Going2Oahu

Today's sophisticated credit score monitoring systems report your activity constantly - often on an almost daily basis. When you make a move with any one of your creditors, the data from that move creates a trail of crumbs for all other credit relationships. Sometimes, a new credit card, a sudden increase in credit card debt, or a mortgage refinance will trigger an automatic warning to a current creditor that shoots your credit card's interest rate up by ten or fifteen percentage points.


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