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canddk

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Credit Score Question
Is it better on your credit score to maintain a balance and pay it every month or is it better to charge something and pay off the balance every month

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it depends but it's smarter to pay off

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hi canddk,

It's not exactly a straightforward type of answer for revolving a balance. You aren't necessarily harmed by maintaining a low balance on a credit card and paying it down monthly without missing payments. But, it doesn't help your score any and it also doesn't help you fiscally (since you're paying interest). The credit bureaus are essentially just quantifying how risky you are and someone who pays off their entire debt monthly and keeps their credit utilization down appears to be a better credit risk.

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improved Credit

how can i improved my credit score

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