Honest Finance's video: Maxed Out Credit Card Here s What Happens

What happens if you max out your credit card? LightStream debt consolidation loans: http://bit.ly/LS_DebtConsolidation (I may be compensated by LightStream through this link) (click "show more" to see ad disclosure) What happens when you go over your credit card limit and max out your credit card? There are a few things that can happen to your credit card if you go over the allotted limit. Your card will eventually decline (whether at the limit slightly after), you might pay an over-the-limit fee and the APR on the credit card can go up as well if your "credit worthiness" is negativley affected. And there's a good chance your credit score will go down with a maxed out credit card too. This is because of your credit usage and I'll explain it briefly in this video. --------------- Robinhood Free Stock with Sign Up: ► https://robinhood.c3me6x.net/c/1359622/1156782/10402 Instagram: ► https://www.instagram.com/honestfinance/ Advertiser Disclosure: Honest Finance participates in affiliate sales networks and may receive compensation by clicking through the links (at no cost to you). This compensation may impact how and where links appear in this description. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This channel does not include all financial companies or all available financial offers. --------------- Honest Finance covers a broad range of financial topics that'll give your life and finances more value. Subscribe today for future content and be sure to give this video a like! Disclaimer: I am not a financial advisor. These videos are for education/entertainment purposes only. Investing of any kind involves risk, so please conduct your own research.