Sallie Krawcheck explains why she thinks that building an emergency fund before paying off your credit card debt is bad advice.
. The lower your utilization rate, the better your credit score because it shows you aren't using up all of your credit and not paying it back. Credit utilization makes up 30%, or one-third, of a credit score on the FICO model.is to have three to six months' worth of savings set aside before conquering debt, remember that interest will cost you in the meantime.
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