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dherbert123

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I pay off my credit card every month. Is this hurting my credit?
credit report says unused card now reporting a balance

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Paying off your card every month in full when the bill comes in is what you want to do so you don't pay interest on the purchases you made.... inaddition to that you only want to utilize 1%-20% of your credit limit every month because utilization is heavy part of your credit score calculation....using 0% is WORSE then using 35% and anything and to maximize your points from utilization you want to stay at or under 20%.... 1%-10% is better and gives you about 10-15 extra points towards credit score but hard for a lot of people to do so they do 20% which gives them about 5-7 points vs 30% utilization which is the max and you see no real benefit just thats the cut off point anything above that will drag your score down 

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