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rcookd

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Getting my first credit card, should I have a balance when it's reported then pay it off?

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Your scores fluctuates with the utilizations/balances being reported to Credit Bureaus each cycle, you can keep it at certain artificial level, most people do or will tell you should only use certain percentages, but to kept it at certain percentage don't actually help you gain credit score over time. To let balance report or how much? it makes very little difference over the long term, you just need to watch it when you are going to apply for more credit and wanted to squeeze out as many points as you can before you applying. Main thing is whatever you do? Don't level balances and pay interest on sole purpose of gaining credit scores.

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The purpose of Credit Karma is to teach how credit works and how to build a good credit score, and they do so very well for those who take the time to read and apply what they learn.  I know because I went from primarily cash only to having several credit cards and an excellent credit score. Knowledge IS power.

So read the articles here and use the financial tools.

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