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RobinMad9

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Can you raise your score by having a balance owed to you on a credit card?
I have been told that if you pay $20 more on a zero balance it will increase your score fast.

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From everything I know about how the scoring systems work, I'd say that's a myth. The scoring systems actually favor people who owe a little money (the top scorers carry balances of 5 to 7 percent on their credit cards). They'll actually "ding" your score a bit for carrying zero balances, so I can't see why they'd favor people whose card vendors actually owe them.

The credit score is a measure of how profitable we're likely to be as customers.

Besides, anybody who tells you there's some clever trick to raise your score fast is probably blowing smoke.

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Sumflow

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Clairissa :>The credit score is a measure of how profitable we're likely to be as customers.<

Lenders want the weakest customers.

Senator Elizabeth Ann Warren: http://youtu.be/iRSJ4v8ayXY

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Sumflow

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The Credit Karma credit score simulator says under “pay off all credit card balances."

"Paying off the entire balance of all of your credit cards .. can greatly improve your credit score.  Paying off your cards will often significantly improve your credit score by lowering your credit card utilization.”

Where does it say that paying off all of your credit card balances, with everything else remaining the same, will lower your credit scores at TransUnion or any of the three agencies?

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