Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Banking
Profile Image

Question By
Dwalk22

0 Contributions
0 People Helped
what does the balance on banking mean

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
3 Contributions
37 People Helped

Checking Account/Saving Accounts

Dwalk, 

According to Lyn911.com, and many other credit experts. A checking or savings account will never affect your credit score. Generally speaking, the amount of money you have in your bank account is considered an asset. It is best to put that money to good use, by either investing in or paying off credit cards, and only having 20% to 49% usage from credit cards, otherwise it will impact your credit score negatively.

Hope that helps,

Daniel.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.