PLEASE HELP I AM IN A RUSH!
You just got the keys to your first apartment. You also have a new credit card with a $4,000 limit, which you use to furnish your new place. Before you know it, you’ve bought a TV, a couch, and a dining room table. When you get the credit card bill, you realize you’ve spent your total credit limit of $4,000.
Does your credit score go up or down?
Why does it go up or down?
If your score goes down, how can you fix it?