BARON987

7 Contributions 100 People Helped

Member Since: December 2011

Most Helpful Contribution

Credit card utilization and your credit score

Sep 24, 2014
Helpful to 71 out of 83 people

So you are saying - I should keep a balance and pay crazy interest  to get a few points on my credit score - sorry, I would rather be debt free and NOT pay the banks 20% interest

Activity (7 Total Contributions)

Credit card utilization and your credit score

Sep 24, 2014
Helpful to 71 out of 83 people

So you are saying - I should keep a balance and pay crazy interest  to get a few points on my credit score - sorry, I would rather be debt free and NOT pay the banks 20% interest

Why Don’t My Credit Reports Match?

Mar 19, 2015
Helpful to 2 out of 2 people

My wife and I have home addresses where they say we lived, but we NEVER lived there - We have good credit reports, so we don't care!

Why Don’t My Credit Reports Match?

Mar 19, 2015
Helpful to 27 out of 38 people

Maybe because it's FREE

How Many Credit Accounts Should I Have?

Nov 02, 2015

Although you may pay off the balance each month as I do (I pay no CC interest - EVER), the Credit Card Company STILL makes money, albiet not very much, because the vendor pays a transaction fee - usually about 1% or so.  What I don't get is I keep getting offers from Credit Karma for more credit cards "To lower my interest" - when I don't pay any in the first place.

Credit card utilization and your credit score

Sep 24, 2014

Boy are you right! - I do the same - I have never been late on a payment and pay of ALL balances and the end of the period.  However, my balances seem to get reported monthly, so it seems that I always have a balance even though it is paid off monthly - I guess that's okay based on what others have said about a credit card balance's effect on your credit score - still I PAY NO INTEREST, so I am happy!

Credit card utilization and your credit score

Sep 24, 2014

Agreed - I use Credit cards for as many purchases as I can, I pay them ALL off before the due date , I pay NO INTEREST EVER (Except for my home mortgage) and they still offer cards they say will lower my monthly interest charges - AGAIN, I pay no interest!