someone told me that paying off your credit cards all the way all the time is not gonna earn you credit
2006-07-19 06:58:34 · 7 answers · asked by MyGreenCivic 2 in Business & Finance ➔ Personal Finance
Leaving a steady balance on a credit card and never completely paying it off is not good for your credit. only put an am out on your card that you know you can pay completely off in a reasonable am out of time. NEVER PAY ONLY THE MINIMUM!
2006-07-19 07:23:30 · answer #1 · answered by sbintern 2 · 0⤊ 0⤋
Do not keep a balance. I would rather have bad credit than the interest on a credit card. Have a credit card and pay the entire amount off each month ON TIME... all bills on time and that will help your credit history
2006-07-19 09:53:29 · answer #2 · answered by Angela D 3 · 0⤊ 0⤋
It doesn't matter. As long as you have an open account in good standing, it impacts your credit score. I usually buy something I know I won't need credit for, pay it before the bill arrives, save the interest charges and get a the credit rating.
2006-07-19 07:03:15 · answer #3 · answered by jd 6 · 0⤊ 0⤋
what that someone is missing is that if you use your credit card occasionally and pay off then it won't earn you credit.
good credit means continuous transaction, use your credit card at least once every month, maintain a history and pay on time
2006-07-19 08:49:54 · answer #4 · answered by jean 4 · 0⤊ 0⤋
Absolutely not. As long as you keep the account open it will be on your credit report. Don't charge more than you can afford to pay off in a month.
2006-07-19 07:32:16 · answer #5 · answered by Anonymous · 0⤊ 0⤋
No. Paying off your balance save the interest charge and still gives you a good history.
2006-07-19 07:01:22 · answer #6 · answered by paintingj 7 · 0⤊ 0⤋
Someone was wrong. Pay them off monthly and don't rack up big debt and THAT will give you good credit.
2006-07-19 07:02:13 · answer #7 · answered by Meredith L 4 · 0⤊ 0⤋