If you purchased a single-user license for an edition of QuickBooks, your license entitles you to install the software on a total of two computers, provided that you own both systems. These two installations enable you to work at your office on one system and continue your work at home on another computer.
When collections first show up on your credit report, you can expect your credit scores to drop anywhere from 50 to 100 points depending on how high your credit was to start. In general, the better your credit, the worse the hit will be. Over time, the collection account will affect your credit less and less.
The absolute best balance is $0. Unless you never use your credit card, it will be impossible to keep a $0 balance on your credit card at all times. Itâs more reasonable to keep your balance at or below 30% of your credit limit. That means youâll never have more than $300 on a credit card with a $1,000 limit.Once your balance starts to exceed the 30% threshold, youâll notice your credit score decreasing.If you habitually max out your credit cards, you could lose all points in the âlevel of debtâ category of your credit score calculation.our credit card balances have a direct impact on your credit score. Higher balances, in relation to your credit limit, will cause your credit score to drop.