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DOCSSTANG

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credit card balances
which is best? have a small balance carried over to the next bill cycle or pay off balance at the end of each cycle. Which will increase credit score more quickly

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Pay off the Statement Balance each and every month. You need to have a purchase each month that appears on your statement so that it will report as active and will report an on-time payment once it is paid. Paying off your Statement Balance in full prevents you from getting any interest charge, while at the same time reports a small credit utilization rate. To maximize your credit utilization for your score you need to carry at least a 1% balance each month.

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