It is quite obvious that maxing out your credit card is a bad thing, but how bad is it exactly?

Credit providers will not take you maxing out your credit cards lightly. This is a strong indicator that you are not very responsible with credit.

It also raises concern that you will not be able to handle any additional credit as you need to repay your extensive debt.

Don't Max it Out

It is imperative that you are aware that the amount of debt charged to your credit card could have a direct impact on your credit score.

So be careful not to max out your credit card. If possible, rather use your debit card to make purchases.