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How credit card limits work, and why they’re risky

Summary by KIFI

Lek_charoen // Shutterstock Getting approved for a higher credit card limit is exciting. When you’re given access to a high spending limit, it’s tempting to take advantage of that access. If your creditor thinks you can handle it, why not use the fund you’ve been cleared to access? Unfortunately, just because you can spend more, doesn’t mean you should. In fact, that mentality could be keeping you stuck in debt. Accredited Debt Relief breaks d…

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The Times of Northwest Indiana

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How credit card limits work, and why they’re risky

Accredited Debt Relief reports that higher credit card limits can lead to overspending and increased debt; managing limits wisely is crucial for financial health.

3 days ago·Cherokee County, United States

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