Which looks best on your credit?
2006-07-18 09:18:11 · 10 answers · asked by Anonymous in Business & Finance ➔ Credit
you should pay it off each month to avoid paying interest.
go ahead and use you card each month, so that your account has activity on it, but just use it like a charge card (not a credit card) and pay it off each month.
2006-07-18 09:22:47 · answer #1 · answered by g-man 3 · 1⤊ 0⤋
Never have more than 50% of your available credit used up and always pay more than the minimum payment and yes, make purchases and regular monthly payments to establish a payment history for your credit report/score.
The question WAS which looks best on your credit right? You can still pay off your monthly purchases in full to avoid finance charges. The question WASN'T how to save money.
2006-07-18 09:22:57 · answer #2 · answered by BBQGuide 3 · 0⤊ 0⤋
pay it off. Don't pay any interest. The fact you have a credit card will look good to the credit companies. Just don't be late on your payments...this looks bad.
2006-07-18 09:23:41 · answer #3 · answered by Lo Lo 1 · 0⤊ 0⤋
Pay it off. I am a loan officer, pulled hundreds of people's credit. The best scores I have ever seen belonged to peolpe who had almost or no debt. Check out www.myfico.com. That site belongs to Fair Isaacs, the company who created the FICO score for the credit agencies.
2006-07-18 09:22:56 · answer #4 · answered by Mike Hunt 5 · 0⤊ 0⤋
Pay it off. Thay way your balance can't build up interest. If you pay it off you will end up giving the credit card company less money.
2006-07-18 09:22:18 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Depends on what you are doing..are you rebuilding credit? if so..then you will want a small balance ...doesnt need to be much..but just to show you are paying monthly..if you are not rebuilding your credit...then you can pay it off.. open credit can look either good or bad..depending on what you are attempting to do.....
2006-07-18 09:33:50 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Keep a small balance.
2006-07-18 09:21:27 · answer #7 · answered by AsianPersuasion :) 7 · 0⤊ 0⤋
I'd pay it off monthly, unless you like giving money away. If that's the case, however, email me ;)
2006-07-18 11:21:49 · answer #8 · answered by Anonymous · 0⤊ 0⤋
uhh..pay it off! why would you want to spend finance charges every month???
2006-07-18 11:56:20 · answer #9 · answered by happymommy 4 · 0⤊ 0⤋
Always pay it off, you don't want to pay interest on it.
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2006-07-18 11:06:08 · answer #10 · answered by Anonymous · 0⤊ 0⤋