May 4, 2015 by Gina Thelemann in Articles
In the famous words of Spiderman's Uncle Ben, "With new credit comes great responsibility." Okay, we're paraphrasing but the reality is that new credit can be a source of great power when used correctly. New lines of credit can lower credit utilization and raise credit scores, making borrowers more appealing for loans and other financial coups.
As the economy continues to improve, and the market opens up for first-time buyers and even boomerang buyers, new credit will be an important indicator of buying potential. Below is the city in each state that boasted the highest new limit of credit to individuals in 2014.
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