Trump seeks to cap credit card interest rates
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What is considered a good credit score depends on the type of credit score used. You have multiple credit scores, but the most popular type of score is FICO, followed by VantageScore.
President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality.
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If you're worried about increasing your balances due to an unrequested credit limit increase, you can call your issuer and request that it revert your limit back to the previous amount. You can also get ahead of these automatic credit limit increases and request your issuer not do so without your consent first.
Average credit scores dropped in all 50 U.S. states between 2024 and 2025, pointing to growing financial strain for many households.
Finding a personal loan can be more difficult if you have poor credit.
Discover how credit scores and credit reports differ, why each is important, and how they impact your financial life.