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pfabrie0

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Question about building credit with 0 credit card debt
I have a 460 score due to student loan debt and 0% credit utilization. not really able to afford to pay the debt back anytime soon due to some housing issues that my family has had to bear. but may be able to get a secured card soon to help build credit. If I start paying everything that we would pay cash for through the card and pay it off the day that we use it, will that build our credit faster? I only plan on using 30% of the cards limit at a time.

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I understand your thinking, but the best usage is 20% or less and wait until the bill comes in to pay it off.  You won't be charged any interest on that.  There are two dates in credit billing that need to be kept in mind.  One is the "due date" when the company expects payment to be in and the other is the "closing date" which is when they add up all the charges made since the previous closing date and subtract all payments made in this period to come up with the balance due since you were using the card during this period.  If you make payment the same day you charge something, there will be nothing showing as credit usage, and this will not help build your credit.  Charge something, wait for the bill, pay the bill in full (ideal goal) and repeat as needed.  THAT will help build your credit.  

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